Albion Ven Cap Trust Statement Regarding The Proposed Issue Of A Prospectus
21 Septembre 2022 - 10:40AM
UK Regulatory
TIDMAAVC
Statement 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 GBP50 million, with over-allotment facilities of up to
a further GBP30 million in aggregate, before issue costs, as
follows:
Amount to be raised under Over-allotment facility
each Offer
------------------------- -------------------------- -----------------------
Albion Development VCT GBP8.0 million GBP5.0 million
PLC Offer
------------------------- -------------------------- -----------------------
Albion Enterprise VCT PLC GBP8.5 million GBP8.0 million
Offer
------------------------- -------------------------- -----------------------
Albion Technology & GBP8.5 million GBP7.0 million
General VCT PLC Offer
------------------------- -------------------------- -----------------------
Albion Venture Capital GBP8.5 million GBP2.5 million
Trust PLC Offer
------------------------- -------------------------- -----------------------
Crown Place VCT PLC Offer GBP8.0 million GBP3.5 million
------------------------- -------------------------- -----------------------
Kings Arms Yard VCT PLC GBP8.5 million GBP4.0 million
Offer
------------------------- -------------------------- -----------------------
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-Allen
Managing Partner, Albion Capital Group LLP
Investment Manager
Tel: 0207 601 1850
21 September 2022
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September 21, 2022 04:40 ET (08:40 GMT)
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