Albion EnterpriseVCT Statement Regarding The Proposed Issue Of A Prospectus
07 December 2021 - 10:50PM
UK Regulatory
TIDMAAEV
Statement regarding the proposed issue of a prospectus
LEI Code 213800OVSRDHRJBMO720
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 ("The
Companies")
Statement regarding the proposed issue of a prospectus for the
Albion VCTs Prospectus Top Up Offers
The Companies are pleased to announce (further to the
announcement made on 18 October 2021) 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 2021/2022 and 2022/2023 tax years (the "Offers").
The current intention is for the Companies, in aggregate, to
raise up to GBP80 million, with over-allotment facilities of up to
a further GBP20 million in aggregate, before issue costs, as
follows:
Amount to be raised under Over-allotment facility
each Offer
------------------------- -------------------------- -----------------------
Albion Development VCT GBP15 million GBP6 million
PLC Offer
------------------------- -------------------------- -----------------------
Albion Enterprise VCT PLC GBP20 million GBP3 million
Offer
------------------------- -------------------------- -----------------------
Albion Technology & GBP20 million GBP4 million
General VCT PLC Offer
------------------------- -------------------------- -----------------------
Albion Venture Capital GBP10 million -
Trust PLC Offer
------------------------- -------------------------- -----------------------
Crown Place VCT PLC Offer GBP7 million GBP5 million
------------------------- -------------------------- -----------------------
Kings Arms Yard VCT PLC GBP8 million GBP2 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 in the light of investments and disposals made and
anticipated by them at the relevant time.
Full details of the Offers will be contained in a prospectus
that is expected to be published on or around 6 January 2022 and
will be available on the Albion Capital website
(www.albion.capital).
Enquiries:
Will Fraser-Allen
Managing Partner, Albion Capital
Investment Manager
Tel: 0207 601 1850
7 December 2021
(END) Dow Jones Newswires
December 07, 2021 06:50 ET (11:50 GMT)
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