Albion Development VCT PLC Voting Rights Update
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Overview of Total Voting Rights and Capital
Albion Development VCT PLC is a company that regularly updates its shareholders about important financial matters. Today, we delve into the essential details regarding the total voting rights and capital structure of this company. Understanding these figures is crucial for shareholders and investors who want to remain informed about their investments.
Current Share Capital Structure
As of a recent date, the issued share capital and voting rights of Albion Development VCT PLC have been comprehensively laid out. Transparency in these figures is important as it allows shareholders and interested parties to better comprehend their position in the company.
Class of Shares and Voting Rights
The company has ordinary shares which are valued at 1 penny each. A total of 167,398,194 of these ordinary shares are currently issued. It is of particular interest that there are 19,309,045 shares held in treasury, which do not possess voting rights. This means that out of the total issued shares, 148,089,149 shares are actively in circulation and carry voting rights.
Understanding Voting Rights
Each share entitles its holder to one voting right, which is significant for shareholders looking to influence company decisions during shareholder meetings. These voting rights are vital as they enable shareholders to voice their opinions and participate in crucial company matters.
Importance of Updated Voting Rights Figures
The total voting rights figure provided by Albion Development VCT PLC serves as a useful denominator for shareholders. This figure assists them in determining whether they must notify the company of their interest or any changes in their interests in accordance with the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
Shareholder Notification Requirements
Shareholders should be aware that if their voting rights reach certain thresholds, they are required to notify the company. Keeping track of the total voting rights ensures that both individual and institutional investors comply with these legal requirements, thereby maintaining transparency in their shareholding and voting powers.
Contacting the Company for More Information
If you have further questions or require additional information regarding these voting rights, you can reach out to the company's Operations Partner, Vikash Hansrani. He can be contacted through Albion Capital Group LLP at the provided telephone number. Engaging directly with company representatives can provide clarity on any concerns you may have.
Frequently Asked Questions
What are the key voting rights figures for Albion Development VCT PLC?
The company has a total of 167,398,194 ordinary shares issued. Out of these, 148,089,149 shares are in circulation with voting rights.
Why is understanding voting rights important for shareholders?
Understanding voting rights is important as it allows shareholders to participate in company decisions, ensuring their voice is heard in matters affecting their investments.
How do shareholders notify changes to their interests?
Shareholders must notify the company if their voting rights change, following the regulations set by the FCA's Disclosure Guidance and Transparency Rules.
Who can shareholders contact for more information?
Shareholders can contact Vikash Hansrani, Operations Partner at Albion Capital Group LLP, for any inquiries related to voting rights and capital.
What happens if I exceed my voting rights threshold?
If a shareholder exceeds set thresholds, they are required to notify the company about their interest according to legal requirements to ensure compliance.
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