Albion Prime VCT General Meeting and Merger Result


 
TIDMAAPV 
 
Albion Prime VCT PLC ("Company") 
General Meeting and Merger Result 
25 September 2012 
This  announcement is made by Albion Prime VCT PLC ("the Company") in connection 
with  the merger of the  Company with Albion Venture  Capital Trust PLC ("Albion 
VCT")  to  be  completed  by  way  of  a scheme of reconstruction of the Company 
pursuant  to Section 110 of the Insolvency  Act 1986 ("Scheme") and the transfer 
by  the Company of all  of its assets and  liabilities to Albion VCT ("Scheme"), 
details  of which were  contained in Albion  VCT's prospectus ("the Prospectus") 
and  the Company's circular to shareholders  ("the Circular") both dated 27 July 
2012. 
The board is pleased to announce that at the general meeting of the Company held 
on 25 September 2012, the resolution to approve the Company being placed in 
liquidation, appoint the liquidators and cancel the listing of the Company's 
shares, as set out in the Circular, was duly passed on a show of hands and 
with 99.7% of proxy votes received being in favour (or at the chairman's 
discretion). 
A copy of the resolution passed at the above meeting will shortly be available 
for inspection on both the Company's website (www.albion-ventures.co.uk) as well 
as at the National Storage Mechanism (www.morningstar.co.uk/uk/NSM). 
Accordingly, by way of implementation of the Scheme, the Company has been placed 
into members' voluntary liquidation and the assets and liabilities of the 
Company transferred to Albion VCT in consideration for the issue of new ordinary 
shares of 50p each in the capital of Albion VCT ("Albion VCT Shares"). The total 
number of Albion VCT Shares issued to the Company's shareholders was 19,307,001, 
at a deemed issue price of 74.2638p per share (on a ratio of 0.8801). 
Application will shortly be made for all the Albion VCT Shares issued pursuant 
to the Scheme to be admitted to the Official List and to trading on the main 
market of the London Stock Exchange. It is expected that admission will become 
effective and that trading will commence on 26 September 2012. CREST accounts 
are also expected to be credited on 26 September 2012. 
As part of the Scheme, the suspension of the listing of the Company's shares 
took place at 7.30 a.m. today (25 September 2012) and the cancellation of the 
Company's shares will take place from the commencement of trading on 24 October 
2012. 
For further enquiries please contact: 
Albion Ventures LLP 
Patrick Reeve/Henry Stanford 
Telephone: 020 7601 1850 
 
 
 
This announcement is distributed by Thomson Reuters on behalf of 
Thomson Reuters clients. The owner of this announcement warrants that: 
(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
 
Source: Albion Prime VCT PLC via Thomson Reuters ONE 
[HUG#1643437]

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