Statement regarding the proposed issue of a prospectus
07 December 2021 - 10:50PM
Statement regarding the proposed issue of a prospectus
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 £80 million, with over-allotment
facilities of up to a further £20 million in aggregate, before
issue costs, as follows:
|
Amount to be raised under each Offer |
Over-allotment facility |
Albion Development VCT PLC Offer |
£15 million |
£6 million |
Albion Enterprise VCT PLC Offer |
£20 million |
£3 million |
Albion Technology & General VCT PLC Offer |
£20 million |
£4 million |
Albion Venture Capital Trust PLC Offer |
£10 million |
- |
Crown Place VCT PLC Offer |
£7 million |
£5 million |
Kings Arms Yard VCT PLC Offer |
£8 million |
£2 million |
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-AllenManaging Partner, Albion
CapitalInvestment ManagerTel: 0207 601 1850
7 December 2021
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