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AADV Albion Development Vct Plc

85.00
0.00 (0.00%)
08 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Albion Development Vct Plc LSE:AADV London Ordinary Share GB0004832472 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 85.00 83.50 86.50 85.00 85.00 85.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Investors, Nec 558k -2.25M -0.0166 -51.20 115.27M

Publication of Prospectus

15/12/2023 3:43pm

GlobeNewswire Inc.


Albion Development Vct (LSE:AADV)
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From Nov 2023 to May 2024

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Publication of Prospectus

PUBLICATION OF PROSPECTUS

ALBION DEVELOPMENT VCT PLC

LEI Code 213800FDDMBD9QLHLB38

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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