REG-Issue of Equity and Total Voting Rights <Origin Href="QuoteRef">AADV.L</Origin>

Albion Development VCTAnnouncement

29/09/2017 10:07

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Albion Development VCT PLC 

Issue of Equity and Total Voting Rights

LEI Code 213800FDDMBD9QLHLB38  

Albion Development VCT PLC (the "Company") announces that, further to the
Dividend Reinvestment Scheme (details of which were set out in the Circular
issued to shareholders December 2011), the Company allotted 311,615 Ordinary
shares of 1 penny each (the "New Ordinary shares") in the capital of the
Company on 29 September 2017. The New Ordinary shares were issued at a price
of 69.3 pence per Ordinary share, comprising the most recent net asset value
less the dividend of 2.0 pence per Ordinary share.

Of the 311,615 New Ordinary shares allotted on 29 September 2017, an
application has been made to the UK Listing Authority for the admission of
140,885 New Ordinary shares to the Official List of the UK Listing Authority
and to trading on the London Stock Exchange's main market for listed
securities and it is expected that dealings will commence on 2 October 2017.
The New Ordinary shares will rank pari passu in all respects with the existing
Ordinary shares in issue.

A further application will be made to the UK Listing Authority for 139,178
shares to be admitted to the Official List of the UK Listing Authority and to
trading on the London Stock Exchange's main market for listed securities. It
is expected that dealings will commence on 9 October 2017. The New Ordinary
shares will rank pari passu in all respects with the existing Ordinary shares
in issue.

A final application will be made to the UK Listing Authority for the 31,552
remaining shares to be admitted to the Official List of the UK Listing
Authority and to trading on the London Stock Exchange's main market for listed
securities. It is expected that dealings will commence on 16 October 2017. The
New Ordinary shares will rank pari passu in all respects with the existing
Ordinary shares in issue.

Following the issue of the New Ordinary shares, the capital of the Company as
at 29 September 2017 consists of 75,116,540 Ordinary shares of which 7,484,700
Ordinary shares are held in treasury.

Therefore the total number of voting rights in the Company is 67,631,840 which
may be used by shareholders or other persons as the denominator for the
calculations by which they will determine if they are required to notify their
interest in, or a change to their interest in, the Company under the FCA's
Disclosure and Transparency Rules.

For further information, please contact:

Vikash Hansrani
Albion Capital Group LLP

Company Secretary

29 September 2017

Tel: 020 7601 1850
This announcement is distributed by Nasdaq Corporate Solutions on behalf of
Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for
the content, accuracy and originality of the information contained therein.
Source: Albion Development VCT PLC - Ordinary Shares via Globenewswire