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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: 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
28th Jun 20216:46 pmGNWTransaction in Own Shares and Total Voting Rights and Capital
21st Jun 20211:15 pmGNWPortfolio and NAV Update
28th May 202110:00 amGNWDirector/PDMR Shareholding
28th May 20219:58 amGNWIssue of Equity and Total Voting Rights
27th May 202112:11 pmGNWTransaction in Own Shares and Total Voting Rights and Capital
12th May 20214:54 pmGNWAGM Statement
12th May 202111:29 amGNWAlbion Development VCT PLC: Interim Management Statement
30th Apr 20211:57 pmGNWTotal voting rights and Capital
12th Apr 20216:44 pmGNWTransaction in Own Shares and Total Voting Rights and Capital
9th Apr 20214:45 pmGNWIssue of Equity and Total Voting Rights and Capital
9th Apr 20214:45 pmGNWDirector/PDMR Shareholding
7th Apr 20219:50 amGNWPublication of a supplementary prospectus
31st Mar 20212:16 pmGNWTotal voting rights and Capital
26th Mar 20215:04 pmGNWAnnual Financial Report
1st Mar 20213:07 pmGNWDirector/PDMR Shareholding
1st Mar 202111:10 amGNWIssue of Equity and Total Voting Rights and Capital
15th Feb 202111:30 amGNWAlbion Development VCT PLC: NAV Announcement
11th Feb 20219:42 amGNWClosure of the Company's Offer under the Albion VCTs Prospectus Top Up Offers 2020/2021
29th Jan 20214:00 pmGNWTotal voting rights and Capital
26th Jan 20212:50 pmGNWOffer Update
5th Jan 20215:00 pmGNWPublication of Prospectus
31st Dec 20202:00 pmGNWTotal voting rights and Capital
15th Dec 20205:36 pmGNWTransaction in Own Shares and Total Voting Rights and Capital
30th Nov 20201:20 pmGNWTotal voting rights and Capital
23rd Nov 20202:05 pmGNWStatement regarding the proposed issue of a prospectus
16th Nov 20203:37 pmGNWTransaction in Own Shares and Total Voting Rights and Capital
4th Nov 202012:54 pmGNWAlbion Development VCT PLC: Interim Management Statement
30th Oct 202010:12 amGNWTotal voting rights and Capital
30th Sep 202010:51 amGNWDirector/PDMR Shareholding
30th Sep 202010:16 amGNWIssue of Equity and Total Voting Rights
14th Sep 20205:30 pmGNWTransaction in Own Shares and Total Voting Rights and Capital
3rd Sep 20202:15 pmGNWAlbion Development VCT PLC: Half-yearly Financial Report
28th Aug 20208:32 amGNWTotal voting rights and Capital
5th Aug 20201:03 pmGNWNAV Announcement
31st Jul 20208:55 amGNWTotal voting rights and Capital
30th Jun 202010:44 amGNWTotal voting rights and Capital
29th Jun 202011:40 amGNWTransaction in Own Shares and Total Voting Rights and Capital
18th Jun 20201:27 pmGNWTransaction in Own Shares and Total Voting Rights and Capital
17th Jun 20207:00 amGNWAppointment of Corporate Broker
9th Jun 20203:08 pmGNWAGM Statement
8th Jun 20203:55 pmRNSAnnual General Meeting - Update
29th May 202011:57 amRNSDirector/PDMR Shareholding
29th May 202011:02 amRNSIssue of Equity and Total Voting Rights
1st May 20202:42 pmGNWTransaction in Own Shares and Total Voting Rights and Capital
30th Apr 20203:04 pmGNWIssue of Equity and Total Voting Rights and Capital
27th Apr 20203:33 pmGNWTransaction in Own Shares and Total Voting Rights and Capital
24th Apr 20203:00 pmGNWPublication of a supplementary prospectus
22nd Apr 20205:30 pmGNWAlbion Development VCT PLC: Interim Management Statement
6th Apr 202012:57 pmGNWChange of Dividend Record Date
31st Mar 20204:00 pmGNWTotal voting rights and Capital
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