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6 Nov 2018 07:00
Statement regarding the proposed issue of a prospectus
LEI Code 213800TKJUY376H3KN16
Albion Venture Capital Trust PLC, Albion Development VCT PLC, Albion Enterprise VCT PLC, Albion Technology & General VCT PLC, Crown Place VCT PLC and Kings Arms Yard VCT PLC (“The Companies”)
Statement regarding the proposed issue of a prospectus for the Albion VCTs Prospectus Top Up Offers
Further to the announcement made on 10 September 2018 in respect of the intended launch in early January 2019 of prospectus top up offers of new ordinary shares for subscription in the 2018/2019 and 2019/2020 tax years (the "Offers"), the Companies are pleased to announce that, subject to obtaining the requisite regulatory approval, the current intention is for the Companies to raise up to £36 million in aggregate before issue costs (£6 million for each of the Companies).
In addition, it is intended that there will be an over-allotment facility of a further £2 million (before issue costs) for each of the Companies. Any election to make use of their over-allotment facility will be subject to the decision of individual boards of the Companies in the light of investments and disposals made and anticipated by them at the relevant time.
Full details of the Offers will be contained in a prospectus that is expected to be published in early January 2019 and will be available on the Albion Capital website (www.albion.capital).
Enquiries:
Will Fraser-AllenDeputy Managing Partner, Albion Capital Group LLPTel: 0207 601 1850
6 November 2018
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