Crown Place VCT PLC Increase In Offer Amount
24 January 2017 - 7:50PM
UK Regulatory
TIDMCRWN
Crown Place VCT PLC
LEI code 213800SYIQPA3L3T1Q68
24 January 2017
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")
Albion VCTs Prospectus Top Up Offers 2016/2017
In the light of strong demand for the Companies' shares under the Albion
VCTs Prospectus Top Up Offers 2016/2017, which were launched on 29
November 2016, the boards of Albion Enterprise VCT PLC, Albion
Technology & General VCT PLC, Albion Venture Capital Trust PLC, Crown
Place VCT PLC and Kings Arms Yard VCT PLC are pleased to announce that
they have elected to exercise their respective over-allotment facilities
referred to in the prospectus. Accordingly the maximum amount that may
be raised by each of these five companies is increased from GBP4 million
to GBP6 million (before issue costs).
The board of Albion Development VCT PLC has decided not to exercise its
over allotment facility and, accordingly, the maximum amount that may be
raised by Albion Development VCT PLC remains at GBP4 million and its
offer is, therefore, expected to be the first to close.
The maximum aggregate amount that may be raised by the Companies has,
therefore, increased from GBP24 million to GBP34 million (before issue
costs).
Enquiries:
For further information, please contact:
Patrick Reeve / Will Fraser-Allen
Albion Ventures LLP
Telephone: 020 7601 1850
This announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: Crown Place VCT PLC via Globenewswire
http://www.closeventures.co.uk
(END) Dow Jones Newswires
January 24, 2017 03:50 ET (08:50 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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