Albion. Tch Vct Share Price (AATG)

The results from the last 10 years audited accounts (01.01.14 - 31.12.23)

AATG Share price DOWN by 15% £0.80 became £0.68

£’000s

New shares issued: 99,172

Realised Profit & Loss in 10 years 5,302

TOTAL CASH IN 104,474

Shares repurchased: 19,165

Dividends: 57,257

TOTAL CASH OUT (76,422)

NET CASH FLOW £28,052

AMOUNTS PAID to Albion Capital Group llp: £25,010

Fees for new shares 2,480

Management fees * 20,075

Paid by portfoio companies 2,455

*includes 272 accrued but not paid

FAIR VALUE ADJUSTMENTS:

Increase in unrealised investment gains: £36,918

(of which Quantexa Ltd accounts for 70% of the balance at 31.12.23 and the Valuation was increased by 25% in 2024 just before the new Prospectus to raise another £30,000,000)

All valuations are stated to be solely non-executive Directors opinions. No independent valuation was made in recent December 2024 Mergers despite promise to do so.

NOW IT IS TIME FOR ACTION

Nominations to be made not less than 7 not more than 42 days before AGM. Has to be held before 30 June.

Only needs 100 out of the 15,500 shareholders (average 140 shares) to propose.

Directors fees around £25k pa on top.

Directors never say when AGM is to be held until they send formal notice, after which Baillie Gifford told me in their SABA saga that no changes are possible.

Notices usually sent by AATG directors more than 42 days in advance.

Catch 22 anyone?

Contact markghardy@albionvct2025agm.uk.