Albion Tech&Gen VCT Statement Regarding The Proposed Issue Of A Prospectus

 
TIDMAATG 
 

Statement regarding the proposed issue of a prospectus

LEI Code 213800TKJUY376H3KN16

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")

Statement regarding the proposed issue of a prospectus for the Albion VCTs Prospectus Top Up Offers

The Companies are pleased to announce that, subject to obtaining the requisite regulatory approval, the Companies intend to launch prospectus top up offers of new ordinary shares for subscription in the 2022/2023 and 2023/2024 tax years (the "Offers").

The current intention is for the Companies, in aggregate, to raise up to GBP50 million, with over-allotment facilities of up to a further GBP30 million in aggregate, before issue costs, as follows:

 
                            Amount to be raised under  Over-allotment facility 
                                           each Offer 
-------------------------  --------------------------  ----------------------- 
Albion Development VCT                 GBP8.0 million           GBP5.0 million 
PLC Offer 
-------------------------  --------------------------  ----------------------- 
Albion Enterprise VCT PLC              GBP8.5 million           GBP8.0 million 
Offer 
-------------------------  --------------------------  ----------------------- 
Albion Technology &                    GBP8.5 million           GBP7.0 million 
General VCT PLC Offer 
-------------------------  --------------------------  ----------------------- 
Albion Venture Capital                 GBP8.5 million           GBP2.5 million 
Trust PLC Offer 
-------------------------  --------------------------  ----------------------- 
Crown Place VCT PLC Offer              GBP8.0 million           GBP3.5 million 
-------------------------  --------------------------  ----------------------- 
Kings Arms Yard VCT PLC                GBP8.5 million           GBP4.0 million 
Offer 
-------------------------  --------------------------  ----------------------- 
 

Any election to make use of their over-allotment facility will be subject to the decision of the individual boards of the Companies at the relevant time.

Full details of the Offers will be contained in a prospectus that is expected to be published in October 2022 and will be available on the Albion Capital website (www.albion.capital).

Enquiries:

Will Fraser-Allen

Managing Partner, Albion Capital Group LLP

Investment Manager

Tel: [phone]

21 September 2022

(END) Dow Jones Newswires

September 21, 2022 04:40 ET (08:40 GMT)

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