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  2. Share Prices
  3. Albion. Dev Vct Share Price
  4. Albion. Dev Vct Share Regulatory News
  5. NAV announcement and Portfolio company update

Pin to quick picksAlbion. Dev Vct Regulatory News (AADV)

Albion. Dev Vct Information

Share Price Information for Albion. Dev Vct (AADV)

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Share Price: 87.00
Bid: 85.50
Ask: 88.50
Change: 0.00 (0.00%)
Spread: 3.00 (3.509%)
Open: 87.00
High: 87.00
Low: 87.00
Prev. Close: 87.00
AADV Live PriceLast checked at -
Albion Development VCT is an Investment Trust

To provide investors with regular dividend income combined with long-term capital growth by investing in a broad portfolio of higher growth businesses with a stronger focus on technology companies across a variety of sectors in UK.

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NAV announcement and Portfolio company update

12 Mar 2024 15:30

NAV announcement and Portfolio company update

THIS ANNOUNCEMENT HAS BEEN DETERMINED BY THE COMPANY TO CONTAIN INSIDE INFORMATION FOR THE PURPOSES OF THE UK VERSION OF MARKET ABUSE REGULATION (EU) NO. 596/2014, WHICH IS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED. UPON PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

Albion Development VCT PLC LEI Code 213800FDDMBD9QLHLB38

NAV announcement and Portfolio company update

IntroductionThis announcement contains unaudited information for Albion Development VCT PLC (the “Company”).

Unaudited 31 December 2023 Net asset value The Board announces that the unaudited net asset value (“NAV”) of the Company as at 31 December 2023 was £119.6 million or 88.70 pence per share (30 September 2023: 88.58 pence per share).

The Company expects to publish its audited Annual Report and Financial Statements for the year ended 31 December 2023 in April 2024. The final audited NAV may differ from this unaudited NAV.

Portfolio company update The Company is pleased to report that terms have been agreed for the sale of a company within its portfolio. There is no certainty that this will complete, or complete on the basis of the proposed terms.

However, the Manager’s view of the current effect of this event, on the valuation of that portfolio interest and its impact on the Company's NAV, as at today’s date, is an unaudited uplift of 2.84 pence per share (3.2%) to its 31 December 2023 unaudited NAV.

NAV update for 12 March 2024After adjusting for the portfolio company update above, the effective unaudited NAV of the Company is now 91.54 pence per share. This revised unaudited NAV only reflects an adjustment in respect of the portfolio interest referred to above, and does not reflect a revaluation of the entire portfolio.

Fundraising update

In relation to the Albion VCTs Prospectus Top Up Offers 2023/2024 dated 15 December 2023, the Company intends to allot shares on 22 March 2024 based upon the latest published NAV, which at 12 March 2024 is 91.54 pence per share, in accordance with the Pricing Formula set out in the Prospectus.

For further information please contact: Vikash HansraniOperations Partner Albion Capital Group LLP Telephone: 020 7601 1850

12 March 2024

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Date   Source Headline
24th Apr 20241:45 pmGNWPortfolio Company Update
19th Apr 20244:51 pmGNWAlbion Development VCT PLC: Annual Financial Report
16th Apr 20242:25 pmGNWIssue of Equity and Total Voting Rights
28th Mar 20242:00 pmGNWTotal voting rights and Capital
25th Mar 20242:30 pmGNWDirector/PDMR Shareholding
25th Mar 202410:15 amGNWIssue of Equity and Total Voting Rights and Capital
20th Mar 20249:07 amGNWClosure of the Company's Offer
12th Mar 20243:30 pmGNWNAV announcement and Portfolio company update
29th Feb 20242:00 pmGNWTotal voting rights and Capital
31st Jan 20241:30 pmGNWTotal voting rights and Capital
29th Dec 20231:00 pmGNWTotal voting rights and Capital
19th Dec 20235:19 pmGNWTransaction in Own Shares and Total Voting Rights and Capital
15th Dec 20233:43 pmGNWPublication of Prospectus
5th Dec 20235:19 pmGNWTransaction in Own Shares and Total Voting Rights and Capital
30th Nov 20232:00 pmGNWTotal voting rights and Capital
20th Nov 202312:15 pmGNWAlbion Development VCT PLC: Interim Management Statement
31st Oct 20232:00 pmGNWTotal voting rights and Capital
30th Oct 20232:00 pmGNWChange of the Company's Auditor
19th Oct 20232:52 pmGNWTransaction in Own Shares and Total Voting Rights and Capital
12th Oct 202310:30 amGNWStatement regarding the proposed issue of a prospectus
6th Oct 202312:00 pmGNWPortfolio Update
29th Sep 202311:33 amGNWIssue of Equity and Total Voting Rights and Capital
29th Sep 202311:31 amGNWDirector/PDMR Shareholding
26th Sep 20235:17 pmGNWTransaction in Own Shares and Total Voting Rights and Capital
19th Sep 202311:00 amGNWAlbion Development VCT PLC: Half-Yearly Financial Report
31st Aug 20232:00 pmGNWTotal voting rights and Capital
29th Aug 20231:00 pmGNWDividend Declaration
31st Jul 20232:12 pmGNWTotal voting rights and Capital
30th Jun 20232:14 pmGNWTotal voting rights and Capital
29th Jun 20231:47 pmGNWTransaction in Own Shares and Voting Rights and Capital
6th Jun 20234:32 pmGNWTransaction in Own Shares and Total Voting Rights and Capital
31st May 202310:10 amGNWDirector/PDMR Shareholding
31st May 202310:09 amGNWIssue of Equity and Total Voting Rights and Capital
30th May 20236:36 pmGNWAGM Statement
30th May 202311:49 amGNWAlbion Development VCT PLC: Interim Management Statement
28th Apr 20232:07 pmGNWTotal voting rights and Capital
19th Apr 20235:30 pmGNWTransaction in Own Shares and Total Voting Rights and Capital
14th Apr 20232:30 pmGNWIssue of Equity and Total Voting Rights and Capital
11th Apr 20234:45 pmGNWPublication of a supplementary prospectus
6th Apr 20234:50 pmGNWAlbion Development VCT PLC: Annual Financial Report
31st Mar 20232:30 pmGNWIssue of Equity and Total Voting Rights and Capital
9th Mar 202310:00 amGNWClosure of the Company's offer
28th Feb 20232:00 pmGNWTotal voting rights and Capital
24th Feb 20236:23 pmGNWChange of Allotment date
23rd Feb 202312:45 pmGNWNav Announcement
31st Jan 20232:00 pmGNWTotal voting rights and Capital
4th Jan 20232:42 pmGNWOffer Update
30th Dec 202212:00 pmGNWTotal voting rights and Capital
19th Dec 20226:10 pmGNWTransaction in Own Shares and Total Voting Rights and Capital
12th Dec 20221:46 pmGNWAlbion Development VCT PLC: Interim Management Statement
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