CVC Close BR.Vct

 
TIDMAAVC 
 
 
   18 November 2015 
 
   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 
 
   Albion VCTs Prospectus Top Up Offers 2015/2016 
 
   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 (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 GBP25.5 million (before issue costs), together with 
an over allotment facility of up to a further GBP10.5 million in 
aggregate (before issue costs) (the "Offers"). 
 
   The Offers opened on 17 November 2015 and are expected to close no later 
than 30 September 2016 (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 Ventures LLP 
("Albion"), pursuant to which Albion will receive a fee of 3 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-ventures.co.uk. 
 
   Copies of the Prospectus are available, free of charge, from the 
Companies' registered office at 1 King's Arms Yard, London, EC2R 7AF. 
 
   In accordance with the Listing Rules, the Prospectus has been submitted 
to the National Storage Mechanism and will shortly be available for 
inspection at www.morningstar.co.uk/uk/NSM. 
 
   Enquiries: 
 
   For further information, please contact: 
 
   Patrick Reeve / Will Fraser-Allen 
 
   Albion Ventures LLP 
 
   Telephone: 020 7601 1850 
 
   This announcement is distributed by NASDAQ OMX Corporate Solutions on 
behalf of NASDAQ OMX 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: Albion Venture Capital Trust PLC via Globenewswire 
 
   HUG#1967764 
 
 
  http://www.closeventures.co.uk 
 

(END) Dow Jones Newswires

November 18, 2015 09:43 ET (14:43 GMT)

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