Last checked at 
21 Sep 2022 09:40
Statement regarding the proposed issue of a prospectusStatement regarding the proposed issue of a prospectus
LEI Code: 213800JKELS32V2OK421
Albion Development VCT PLC, Albion Enterprise VCT PLC, Albion Technology & General VCT PLC, Albion Venture Capital Trust PLC, Crown Place VCT PLC and Kings Arms Yard VCT PLC (together “the Companies”)
Statement regarding the proposed issue of a prospectus for the Albion VCTs Prospectus Top Up Offers
The Companies are pleased to announce that, subject to obtaining the requisite regulatory approval, the Companies intend to launch prospectus top up offers of new ordinary shares for subscription in the 2022/2023 and 2023/2024 tax years (the "Offers").
The current intention is for the Companies, in aggregate, to raise up to £50 million, with over-allotment facilities of up to a further £30 million in aggregate, before issue costs, as follows:
| Amount to be raised under each Offer | Over-allotment facility | |
| Albion Development VCT PLC Offer | £8.0 million | £5.0 million |
| Albion Enterprise VCT PLC Offer | £8.5 million | £8.0 million |
| Albion Technology & General VCT PLC Offer | £8.5 million | £7.0 million |
| Albion Venture Capital Trust PLC Offer | £8.5 million | £2.5 million |
| Crown Place VCT PLC Offer | £8.0 million | £3.5 million |
| Kings Arms Yard VCT PLC Offer | £8.5 million | £4.0 million |
Any election to make use of their over-allotment facility will be subject to the decision of the individual boards of the Companies at the relevant time.
Full details of the Offers will be contained in a prospectus that is expected to be published in October 2022 and will be available on the Albion Capital website (www.albion.capital).
Enquiries:
Will Fraser-AllenManaging Partner, Albion Capital Group LLPInvestment ManagerTel: 0207 601 1850
21 September 2022