Albion Dev VCT Closure Of The Company's Offer
23 March 2022 - 11:00PM
UK Regulatory
TIDMAADV
Albion Development VCT PLC
LEI Code 213800FDDMBD9QLHLB38
Closure of the Company's offer under the Albion VCTs Prospectus
Top Up Offers 2021/2022 ("Albion VCT Offers")
The Board of Albion Development VCT PLC (the "Company") is
pleased to announce that it has reached its GBP21 million limit
(inclusive of the GBP6 million over-allotment facility exercised)
under its offer for subscription pursuant to the Prospectus issued
on 6 January 2022 ("Offer") by the Company and the other Albion
VCTs, which as of today is fully subscribed for the Company and has
now closed to further valid applications.
The next allotments in respect of valid applications received
prior to the Offer closing are expected to take place on 31 March
2022, for applications in respect of the current tax year, and on
13 April 2022 for applications in respect of the 2022/2023 tax
year. Dealing in such shares is expected to commence within 3
business days following allotment.
Albion Enterprise VCT PLC and Albion Technology & General
VCT PLC remain open for valid applications. As of 22 March 2022,
the total amount raised across the Albion VCTs under the Albion VCT
Offers is GBP90 million.
The Albion VCT 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
23 March 2022
(END) Dow Jones Newswires
March 23, 2022 08:00 ET (12:00 GMT)
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