AADV Albion Development Vct Plc

 
TIDMAADV 
 

Offer Update

Albion Development VCT PLC (the "Company")

LEI Code 213800FDDMBD9QLHLB38

Albion VCTs Prospectus Top Up Offers 2021/2022

Following strong demand for the Company's shares under the Albion VCTs Prospectus Top Up Offers 2021/2022 (the "Offers"), which opened on 6 January 2022, the Board is pleased to announce that it has elected to exercise the Company's over-allotment facility referred to in the prospectus issued by the Company (and the other Albion VCTs named therein) on 6 January 2022 (the "Prospectus").

Accordingly, the maximum amount that the Company can raise under the Offers is increased from GBP15 million to GBP21 million (before issue costs).

The Offers opened on 6 January 2022 and are expected to close no later than 30 September 2022 (unless fully subscribed by an earlier date or previously closed).

A downloadable version of the Prospectus is available from www.albion.capital. Copies of the Prospectus are available, free of charge, from the Companies' registered office at 1 Benjamin Street, London, EC1M 5QL.

Terms used in this announcement have the same meaning as defined in the Prospectus.

Enquiries:

Will Fraser-Allen

Managing Partner, Albion Capital Group LLP

Investment Manager

Tel: 0207 601 1850

3 March 2022

(END) Dow Jones Newswires

March 03, 2022 12:18 ET (17:18 GMT)

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