(Alliance News) - Crown Place VCT PLC on Friday said it reached its GBP11.5 million limit of its over-allotment facility, relating to its subscription offer issued in October.
The investor in smaller unquoted UK companies said it is now fully subscribed and has closed it to prevent further valid applications.
It said the next allotments from valid applications received before closing are expected to take place on March 31 for applications regarding the current tax year, and on April 14 for applications regarding the following tax year.
Dealing in such shares is expected to commence within 3 businesses days of allotment, it added.
Albion Enterprise VCT PLC, Albion Technology & General VCT PLC and Kings Arms Yard VCT PLC remain open for valid applications, Crown Place said. As of 10 March 2023, the total amount raised across the Albion VCTs under the Albion VCT offers is GBP73 million.
Crown Place said these offers also opened in October and are expected to close no later than September 29 this year, unless fully subscribed by an earlier date or previously closed.
Shares were flat for Crown Place, Albion Enterprise, Albion Technology & General and Kings Arms Yard, trading at 30.60 pence, 119.00p, 72.50p and 20.20p each respectively in London on Friday morning.
By Greg Rosenvinge, Alliance News reporter
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Crown Place (CRWN)
Albion En. Vct (AAEV)
Albion. Tch Vct (AATG)
Kings Arms Yard (KAY)