Albion. Dev Vct Regulatory News (AADV)

18 Mar 2020 14:30

Allotment Update

Albion Development VCT PLC

LEI Code 213800FDDMBD9QLHLB38

The first allotment for the 2020/2021 tax year of new ordinary shares of nominal value 1 penny per share in Albion Development VCT PLC (the “Company”) under the Albion VCTs Prospectus Top Up Offers 2019/20 (the “Offers”), (which was launched on 22 October 2019) was due to take place on 8 April 2020.

The Board, having considered the current Coronavirus outbreak and the impact it could have on the trading performance of some of the underlying portfolio companies, intend to delay the allotment date to 30 April 2020. This will allow the time to critically review the portfolio to ensure that the issue price reflects the valuations of the underlying portfolio.

The Offers which constitute separate offers have been fully subscribed and all have been closed to further applications. 

For further information, please contact:

Albion Capital Group LLPCompany Secretary020 7601 1850

18 March 2020