Publication of Prospectus
16 December 2023 - 2:45AM
Publication of Prospectus
PUBLICATION OF PROSPECTUS
KINGS ARMS YARD VCT PLC
LEI Code
213800DK8H27QY3J5R45
Albion Development VCT PLC, Albion Enterprise VCT PLC, Albion
Technology & General VCT PLC, Crown Place VCT PLC and Kings
Arms Yard VCT PLC
Albion VCTs Prospectus Top Up Offers
2023/2024
Albion Development VCT PLC, Albion Enterprise VCT PLC, Albion
Technology & General VCT 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 £60 million (before issue
costs) (the "Offers") as follows:
|
|
Amount to be raised under each Offer |
|
Albion Development VCT PLC |
£14.50 million |
|
Albion Enterprise VCT PLC |
£15.75 million |
|
Albion Technology & General VCT PLC |
£11.75 million |
|
Crown Place VCT PLC |
£7.50 million |
|
Kings Arms Yard VCT PLC |
£10.50 million |
The Offers will open on 2 January 2024 and are expected to close
no later than 30 September 2024 (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 Capital Group 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.capital.
Copies of the Prospectus are available, free of charge, from the
Companies' registered office at 1 Benjamin Street, London, EC1M
5QL.
In accordance with the Listing Rules, the Prospectus has been
submitted to the National Storage Mechanism and will shortly be
available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
Enquiries:Will Fraser-AllenManaging Partner, Albion Capital
Group LLPInvestment ManagerTel: 0207 601 185015 December 2023
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