Albion Ven Cap Trust Closure Of The Company's Offer Under The Albion Vcts Prospectus Top Up Offers 2019/20

 
TIDMAAVC 
 
 
   ALBION VENTURE CAPITAL TRUST PLC 
 
   LEI CODE 213800JKELS32V2OK421 
 
   CLOSURE OF THE COMPANY'S OFFER UNDER THE ALBION VCTS PROSPECTUS TOP UP 
OFFERS 2019/20 ("Albion VCT Offers") 
 
   The Board of Albion Venture Capital Trust PLC (the "Company") is pleased 
to announce that it has reached its GBP6m limit under its offer for 
subscription pursuant to the Prospectus dated 22 October 2019 ("Offer"), 
which as of today is fully subscribed and has now closed to further 
applications. 
 
   In light of recent investments and disposals made, the Board has decided 
not to exercise its over-allotment facility of a further GBP2m to take 
the amount up to its maximum limit, GBP8m as provided for under the 
Offer. 
 
   Allotments in respect of valid applications received prior to the Offer 
closing are expected to take place on 31 January 2020, for applications 
in respect of the current tax year, and on 8 April 2020 for applications 
in respect of the 2020/2021 tax year. Dealing in such shares is expected 
to commence within 3 business days following allotment. 
 
   The offers in respect of the three companies still participating in the 
Albion VCT Offers remain open and valid applications for shares in the 
Company received subsequent to the Offer closing will be dealt with in 
accordance with prospective investors' instructions on their application 
forms. 
 
   11 December 2019 
 
   Enquiries: 
 
   For further information, please contact 
 
   Albion Capital Group LLP 
 
   Telephone: [phone] 
 
 
 
 

(END) Dow Jones Newswires

December 11, 2019 10:47 ET (15:47 GMT)

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