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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
25th Mar 20193:37 pmGNWPublication of a Circular
25th Mar 20191:34 pmGNWAlbion Development VCT PLC - Ordinary Shares : Annual Financial Report
13th Mar 201911:44 amGNWOffer Update
28th Feb 201910:21 amGNWTotal voting rights and Capital
31st Jan 20198:49 amGNWTotal voting rights and Capital
7th Jan 20195:55 pmGNWPublication of Prospectus
31st Dec 20187:00 amGNWTotal voting rights and Capital
6th Dec 201812:36 pmGNWTransaction in Own Shares and Total Voting Rights and Capital
30th Nov 201811:35 amGNWTotal voting rights and Capital
19th Nov 20183:16 pmGNWTransaction in Own Shares and Total Voting Rights and Capital
9th Nov 201811:53 amGNWTransaction in Own Shares and Total Voting Rights and Capital
6th Nov 20184:24 pmGNWAlbion Development VCT PLC - Ordinary Shares : Interim Management Statement
6th Nov 20187:00 amGNWStatement regarding the proposed issue of a prospectus
31st Oct 201812:51 pmGNWTotal voting rights and Capital
31st Oct 201812:26 pmGNWTransaction in Own Shares and Total Voting Rights and Capital
12th Oct 201812:27 pmGNWTransaction in Own Shares and Total Voting Rights and Capital
9th Oct 20182:35 pmGNWTransaction in Own Shares and Total Voting Rights and Capital
28th Sep 201812:35 pmGNWDirector/PDMR Shareholding
28th Sep 201812:32 pmGNWDirector/PDMR Shareholding
28th Sep 201812:24 pmGNWTotal voting rights and Capital
26th Sep 201812:43 pmGNWTransaction in Own Shares
31st Aug 201810:10 amGNWTotal Voting Rights and Capital
31st Jul 201810:51 amGNWTransaction in Own Shares and Capital
29th Jun 20183:00 pmGNWTransaction in own shares and Total Voting Rights and Capital
29th Jun 201811:45 amGNWTotal Voting Rights and Capital
14th Jun 20183:49 pmGNWTransaction in Own Shares and Total Voting Rights and Capital
7th Aug 20094:53 pmRNSDirector/PDMR Shareholding
7th Aug 20092:57 pmPRNNet Asset Value(s)
7th Aug 20092:51 pmRNSClosing of offer for shares of HRG
31st Mar 20095:09 pmRNSTotal Voting Rights
25th Mar 20093:25 pmRNSChange of Name
18th Mar 200911:11 amRNSFSA viewing facility
27th Feb 20092:51 pmRNSTotal Voting Rights
30th Jan 20094:08 pmRNSTotal Voting Rights
23rd Jan 200911:55 amRNSChange of Inv Manager and Proposed Change o
9th Jan 20095:38 pmRNSDirector/PDMR Shareholding
31st Dec 200811:03 amRNSTotal Voting Rights
30th Dec 200810:30 amRNSIssue of Equity
10th Dec 20083:38 pmRNSTransaction in Own Shares
9th Dec 20084:47 pmRNSDoc re. Dividend
4th Dec 200810:16 amRNSDividend Declaration
28th Nov 20085:46 pmRNSTotal Voting Rights
12th Nov 20085:46 pmRNSInterim Management Statement
31st Oct 20084:35 pmRNSTotal Voting Rights
14th Oct 20084:14 pmRNSTransaction in Own Shares
13th Oct 20084:39 pmRNSTransaction in Own Shares
7th Oct 20084:44 pmRNSDirector/PDMR Shareholding
3rd Oct 20083:07 pmRNSIssue of Equity
30th Sep 20085:05 pmRNSTotal Voting Rights
25th Sep 20082:43 pmRNSTransaction in Own Shares
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