AAEV Albion Enterprise Vct Plc

 
TIDMAAEV 
 
 
   LEI Code 213800OVSRDHRJBMO720 
 
   Albion Development VCT PLC, Albion Enterprise VCT PLC, Albion Venture 
Capital Trust PLC, Crown Place VCT PLC and Kings Arms Yard VCT PLC 
 
   Albion VCTs Prospectus Top Up Offers 2019/2020 
 
   Albion Development VCT PLC, Albion Enterprise VCT PLC, Albion Venture 
Capital Trust PLC, Crown Place VCT PLC and Kings Arms Yard VCT PLC 
(together, "the Companies") announce that they have published a 
Prospectus (comprising a Securities Note, Registration Document and 
Summary) in relation to offers for subscription for new Ordinary Shares 
in each of the Companies to raise, in aggregate, up to GBP34 million 
(before issue costs) (the "Offers") as follows: 
 
   Albion Development VCT PLC           GBP8 million 
 
   Albion Enterprise VCT PLC                GBP6 million 
 
   Albion Venture Capital Trust PLC       GBP6 million 
 
   Crown Place VCT PLC                        GBP4 million 
 
   Kings Arms Yard VCT PLC              GBP10 million 
 
   In addition, there is an over-allotment facility of a further GBP2 
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 the individual boards of the Companies in the light of 
investments and disposals made and anticipated by them at the relevant 
time. 
 
   The Offers open on 22 October 2019 and are expected to close no later 
than 30 September 2020 (unless fully subscribed by an earlier date or 
previously closed). 
 
   Each of the Companies has entered into an offer agreement relating to 
the Offers with the Companies' investment manager Albion Capital Group 
LLP ("Albion"), pursuant to which Albion will receive a fee of 2.5 per 
cent. of the gross proceeds of the Offers and out of which Albion will 
pay the costs of the Offers, as detailed in the Prospectus.  Albion is a 
related party of each of the Companies under the Listing Rules, and 
therefore entering into the offer agreement is a transaction to which 
Listing Rule 11.1.10 applies. 
 
   A downloadable version of the Prospectus will be 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. 
 
   In accordance with the Listing Rules, the Prospectus has been submitted 
to the National Storage Mechanism and will shortly be available for 
inspection at 
https://www.globenewswire.com/Tracker?data=hfyB70ZTq3jRR4PJQI-unlqdhsok3QU2-FegkmBZhPHZ58QCEHQAJvZoUZYHkgwWHDVRVpNTATsk1dOqyReuLqFJ8dpC-E-p1vKJPDsIRRN_4bY0slND7L0l2CJvjmgP 
www.morningstar.co.uk/uk/NSM. 
 
   22 October 2019 
 
   Enquiries: 
 
   For further information, please contact: 
 
   Will Fraser-Allen 
 
   Managing Partner 
 
   Albion Capital Group LLP 
 
   Telephone: 020 7601 1850 
 
 
 
 

(END) Dow Jones Newswires

October 22, 2019 12:10 ET (16:10 GMT)

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