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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)

London Stock Exchange
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Share Price: 85.00
Bid: 83.50
Ask: 86.50
Change: 0.00 (0.00%)
Spread: 3.00 (3.593%)
Open: 85.00
High: 85.00
Low: 85.00
Prev. Close: 85.00
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
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
5th Dec 20223:45 pmGNWDirector/PDMR Shareholding
5th Dec 202212:15 pmGNWIssue of Equity and Total Voting Rights and Capital
30th Nov 20222:00 pmGNWTotal Voting Rights and Capital
28th Nov 202211:45 amGNWNAV Announcement
10th Oct 20221:15 pmGNWPublication of Prospectus
30th Sep 202210:58 amGNWDirector/PDMR Shareholding
30th Sep 202210:57 amGNWIssue of Equity and Total Voting Rights and Capital
29th Sep 20226:19 pmGNWTransaction in Own Shares and Total Voting Rights and Capital
21st Sep 20229:40 amGNWStatement regarding the proposed issue of a prospectus
7th Sep 20225:12 pmGNWAlbion Development VCT PLC: Half-yearly Financial Report
31st Aug 20222:03 pmGNWDividend Declaration
31st Aug 202210:15 amGNWTotal voting rights and Capital
29th Jul 20222:00 pmGNWTotal voting rights and Capital
30th Jun 20222:00 pmGNWTotal voting rights and Capital
29th Jun 20225:42 pmGNWTransaction in Own Shares and Total Voting Rights and Capital
31st May 202210:07 amGNWDirector/PDMR Shareholding
31st May 202210:06 amGNWIssue of Equity and Total Voting Rights
20th May 20225:54 pmGNWTransaction in Own Shares and Total Voting Rights and Capital
11th May 20228:44 amGNWAGM Statement
10th May 202211:44 amGNWAlbion Development VCT PLC: Interim Management Statement
29th Apr 20222:00 pmGNWTotal voting rights and Capital
11th Apr 20222:00 pmGNWIssue of Equity and Total Voting Rights and Capital
8th Apr 20229:40 amGNWTransaction in Own Shares and Total Voting Rights and Capital
1st Apr 202210:45 amGNWIssue of Equity and Total Voting Rights and Capital
28th Mar 20224:08 pmGNWPublication of a supplementary prospectus
24th Mar 20224:52 pmGNWAlbion Development VCT PLC: Annual Financial Report
23rd Mar 202212:00 pmGNWClosure of the Company's Offer
3rd Mar 20225:18 pmGNWOffer Update
28th Feb 20224:00 pmGNWTotal Voting Rights and Capital
28th Feb 202212:00 pmGNWDirector/PDMR Shareholding
28th Feb 202211:30 amGNWIssue of Equity and Total Voting Rights and Capital
11th Feb 202212:00 pmGNWNAV Announcement
31st Jan 202211:35 amGNWTotal voting rights and Capital
6th Jan 20221:45 pmGNWPublication of Prospectus
31st Dec 20219:47 amGNWTotal Voting Rights and Capital
17th Dec 20211:28 pmGNWTransaction in Own Shares and Total Voting Rights and Capital
7th Dec 202111:50 amGNWStatement regarding the proposed issue of a prospectus
30th Nov 20212:00 pmGNWTotal voting rights and Capital
17th Nov 20211:30 pmGNWTransaction in Own Shares and Total Voting Rights and Capital
8th Nov 202112:57 pmGNWAlbion Development VCT PLC: Interim Management Statement
29th Oct 20212:19 pmGNWTotal voting rights and Capital
18th Oct 20214:10 pmGNWStatement regarding the proposed issue of a prospectus
8th Sep 20213:09 pmGNWAlbion Development VCT PLC: Half-yearly Financial Report
1st Sep 202111:57 amGNWDividend Declaration
31st Aug 20213:06 pmGNWTotal voting rights and Capital
3rd Aug 202112:00 pmGNWNAV Update
30th Jul 20211:45 pmGNWTotal voting rights and Capital
30th Jun 20212:13 pmGNWTotal voting rights and Capital
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