AAPV Albion Prime

 
TIDMAAPV 
 
Joint Announcement 
 
Albion Venture Capital Trust plc 
Albion Prime VCT plc 
 
Proposed Merger Pursuant to a Scheme of Reconstruction under s110 of the 
Insolvency Act 1986 
 
The boards of Albion Venture Capital Trust plc and Albion Prime VCT plc are 
pleased to announce that they have reached agreement in principle to merge the 
companies. 
 
The merger is expected to achieve, amongst other things, cost savings and 
administration efficiency through the creation of a significantly enlarged VCT 
to provide benefits for all shareholders. The proposed merger will be subject to 
approval by shareholders of both companies. 
 
The intention is that the proposed merger will be completed pursuant to a s.110 
scheme of reconstruction under the Insolvency Act 1986 by transferring the 
assets and liabilities of Albion Prime VCT plc to Albion Venture Capital Trust 
plc in consideration for new Albion Venture Capital Trust plc shares to be 
issued to Albion Prime VCT plc shareholders on a relative net asset value basis. 
A merger on this basis will be outside the provisions of The City Code on 
Takeovers and Mergers. 
 
A further announcement will be made in due course. 
 
Enquiries: 
 
Patrick Reeve/Henry Stanford 
 
Albion Ventures LLP 
 
020 7601 1850 
 
 
 
 
 
 
This announcement is distributed by Thomson Reuters on behalf of 
Thomson Reuters clients. The owner of this announcement warrants that: 
(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
 
Source: Albion Prime VCT PLC via Thomson Reuters ONE 
[HUG#1612735] 
 

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