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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
27th Mar 20205:15 pmGNWAlbion Development VCT PLC : Annual Financial Report
18th Mar 20206:00 pmGNWShare buybacks
18th Mar 20202:30 pmGNWAllotment Update
28th Feb 20204:00 pmGNWTotal voting rights and Capital
31st Jan 20205:15 pmGNWDirector/PDMR Shareholding
31st Jan 20203:35 pmGNWIssue of Equity and Total Voting Rights and Capital
7th Jan 202010:32 amGNWClosure of the Company's Offer under the Albion VCTs Prospectus Top Up Offers 2019/20
31st Dec 20198:00 amGNWTotal voting rights and Capital
19th Dec 20193:48 pmGNWTransaction in Own Shares and Total Voting Rights
13th Dec 20199:42 amGNWTransaction in Own Shares and Total Voting Rights and Capital
29th Nov 20194:00 pmGNWTotal voting rights and Capital
15th Nov 20192:04 pmGNWTransaction in Own Shares and Total Voting Rights and Capital
8th Nov 20198:37 amGNWAlbion Development VCT PLC - Ordinary Shares : Interim Management Statement
31st Oct 20194:30 pmGNWTotal voting rights and Capital
22nd Oct 20195:08 pmGNWPublication of Prospectus
10th Oct 20192:25 pmGNWTransaction in Own Shares and Total Voting Rights and Capital
30th Sep 20192:01 pmGNWDirector/PDMR Shareholding
30th Sep 20191:59 pmGNWDirector/PDMR Shareholding
30th Sep 201910:49 amGNWIssue of Equity and Total Voting Rights
30th Sep 201910:45 amGNWTransaction in Own Shares and Total Voting Rights and Capital
27th Sep 201910:54 amGNWStatement regarding the proposed issue of a prospectus
17th Sep 201910:58 amGNWTransaction in Own Shares and Total Voting Rights and Capital
16th Sep 20192:41 pmGNWAlbion Development VCT PLC: Half-yearly Financial Report
3rd Sep 20191:54 pmGNWDirectorate change
3rd Sep 201912:59 pmGNWDividend Declaration
30th Aug 20196:35 pmGNWTotal voting rights and Capital
31st Jul 201910:49 amGNWTotal voting rights and Capital
8th Jul 201912:58 pmGNWDirectorate change
28th Jun 201910:57 amGNWTotal Voting Rights and Capital
13th Jun 20191:01 pmGNWTransaction in Own Shares and Total Voting Rights and Capital
31st May 201911:06 amGNWDirector/PDMR Shareholding
31st May 201911:03 amGNWDirector/PDMR Shareholding
31st May 201910:09 amGNWIssue of Equity and Total Voting Rights
30th May 20196:25 pmGNWGM Statement
30th May 20196:21 pmGNWAGM Statement
30th May 201911:41 amGNWAlbion Development VCT PLC - Ordinary Shares : Interim Management Statement
21st May 20194:06 pmGNWDirectorate change
8th May 20191:53 pmGNWTransaction in Own Shares and Total Voting Rights and Capital
30th Apr 20199:47 amGNWTotal Voting Rights and Capital
12th Apr 201910:11 amGNWDirector/PDMR Shareholding
12th Apr 20198:03 amGNWIssue of Equity and Total Voting Rights
10th Apr 20191:20 pmGNWTransaction in Own Shares and Total Voting Rights and Capital
5th Apr 20194:01 pmGNWIssue of Equity and Total Voting Rights
3rd Apr 201910:54 amGNWClosure of the Company's Offer under the Albion VCTs Prospectus Top Up Offers 2018/19
2nd Apr 20192:21 pmGNWDirector/PDMR Shareholding
2nd Apr 20192:15 pmGNWDirector/PDMR Shareholding
2nd Apr 201911:20 amGNWIssue of Equity and Total Voting Rights
29th Mar 201910:14 amGNWTotal Voting Rights and Capital
28th Mar 20194:06 pmGNWPublication of a supplementary prospectus
26th Mar 201912:34 pmGNWTransaction in Own Shares and Total Voting Rights and Capital
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