Albion Development VCT PLC
The second allotment under the terms of the Offer for Subscription (the "Offer")
for D shares ("D Shares") in Albion Development VCT PLC (the "Company") took
place on 28 January 2010, at an issue price of 100p per D Share.
Applications were received under the Offer for 561,425 D Shares and will be met
in full. This brings the total number of D Shares allotted to date under the
Offer to 1,995,025.
The net proceeds of the allotment today are £0.53 million. The net proceeds of
all allotments to date under the terms of the Offer are £1.89 million.
The Offer will remain open until 5 April 2010 in respect of the 2009/2010 tax
year and 30 April 2010 in respect of the 2010/2011 tax year unless closed
earlier.
Application has been made to the Financial Services Authority for 561,425 D
Shares to be admitted to the Official List and to the London Stock Exchange for
the D Shares to be admitted to trading on the London Stock Exchange's market for
listed securities.
It is expected that Admission will become effective, and that dealings in the
Shares will commence, at 8.00 a.m. on 29 January 2010.
For further information, please contact:
Patrick Reeve 020 7601 1850
Albion Ventures LLP
28 January 2010
[HUG#1378363]