Albion Venture Capital Trust Updates on Share Transactions
Albion Venture Capital Trust Share Purchase Update
Albion Venture Capital Trust PLC recently shared significant information regarding its share transactions and overall voting rights, underscoring its commitment to transparency. The company completed the acquisition of 784,186 ordinary shares at a price of 41.59 pence each. This transaction took place on a designated date, marking a notable development in the company’s financial landscape.
Details of the Transaction
The shares acquired account for 0.58% of the total voting rights before the transaction occurred. Following this acquisition, these shares will be cancelled, effectively reducing the total number of outstanding shares. This strategic move is aimed at maintaining a robust capital structure while instilling confidence among shareholders.
Current Capital Structure
As per the company's latest updates, the total number of ordinary shares stands at 157,385,730 with a nominal value of 1 penny each. It is noteworthy that Albion Venture Capital Trust currently holds 22,002,939 shares in treasury. This information is crucial for shareholders who are keen to understand the implications of these share movements on their holdings.
Total Voting Rights
As a result of these recent transactions, the total voting rights available in the company amount to 135,382,791. This figure is essential for shareholders and other stakeholders as it serves as the basis for calculations that dictate when notifications regarding interests in the company must be made as per the FCA’s regulations.
Importance of Transparency
The transparency surrounding share transactions and capital structure is a priority for Albion Venture Capital Trust PLC. By keeping its shareholders informed, the company fosters trust and enhances stakeholder relationships. This practice not only complies with the necessary regulations but also reflects the company's dedication to its investors.
Looking Ahead
Albion Venture Capital Trust PLC will continue to keep the market updated on any further transactions or changes to its voting rights and capital structure. Investors, analysts, and interested parties should remain vigilant for upcoming announcements that may impact shareholding dynamics.
Contact Information
For any inquiries related to these developments, shareholders can reach out to Vikash Hansrani, Operations Partner at Albion Capital Group LLP, via telephone at 020 7601 1850. The commitment to open communication ensures that all stakeholder questions are addressed promptly and efficiently.
Frequently Asked Questions
What recent share transaction did Albion Venture Capital Trust conduct?
Albion Venture Capital Trust PLC purchased 784,186 ordinary shares at 41.59 pence per share.
What percentage do the purchased shares represent?
The purchased shares represent 0.58% of the total voting rights before the transaction.
What is the total number of shares in circulation after this transaction?
The total number of voting rights after the transaction is 135,382,791.
Who can shareholders contact for inquiries?
Shareholders can contact Vikash Hansrani at Albion Capital Group LLP, reachable at 020 7601 1850.
What is the main focus of this announcement?
The announcement emphasizes transparency regarding share transactions and the structure of share capital in Albion Venture Capital Trust PLC.
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