Albion EnterpriseVCT Notification Of Portfolio Company Transaction

 
TIDMAAEV 
 
 
   Notification of portfolio company transaction 
 
   ALBION ENTERPRISE VCT PLC 
 
   LEI Code 213800OVSRDHRJBMO720 
 
   The Board of Albion Enterprise VCT PLC (the "Company") is pleased to 
announce the exchange of contracts for the sale of one of its 
investments, Grapeshot Limited. Subject to various conditions being met, 
completion is expected to take place within approximately a month. The 
table below sets out the potential uplift in net asset value per share 
for the Albion VCTs including an estimate of the USD/GBP exchange rate 
and transaction costs, and excluding any discounts for completion risk. 
The valuation of the holding as at 31(st) March 2018 will include a 
discount to the total estimated consideration to reflect completion and 
other risks. 
 
 
 
 
Albion VCTs  Potential uplift in net asset value per share if transaction  Potential uplift in net asset value per share if transaction 
              completes, excluding escrow                                   completes, with no deductions against escrow 
Albion                                   3.4p                                                          5.1p 
Development 
VCT PLC 
Albion                                   5.8p                                                          8.6p 
Enterprise 
VCT PLC 
Albion                                   1.1p                                                          1.7p 
Technology 
& General 
VCT PLC 
Crown Place                              0.3p                                                          0.5p 
VCT PLC 
Kings Arms                               0.5p                                                          0.8p 
Yard VCT 
PLC 
 
   Albion Capital Group LLP 
 
   Telephone: [phone] 
 
   24(th) April 2018 
 
   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: Albion Enterprise VCT PLC via Globenewswire 
 
 
  http://www.closeventures.co.uk 
 

(END) Dow Jones Newswires

April 24, 2018 10:59 ET (14:59 GMT)

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