Crown Place VCT PLC Statement Regarding The Proposed Issue Of A Prospectus

 
TIDMCRWN 
 
 
   Statement regarding the proposed issue of a prospectus 
 
   LEI Code 213800SYIQPA3L3T1Q68 
 
   Albion Venture Capital Trust PLC, Albion Development VCT PLC, Albion 
Enterprise VCT PLC, Albion Technology & General VCT PLC, Crown Place VCT 
PLC and Kings Arms Yard VCT PLC ("The Companies") 
 
   Statement regarding the proposed issue of a prospectus for the Albion 
VCTs Prospectus Top Up Offers 
 
   Further to the announcement made on 10 September 2018 in respect of the 
intended launch in early January 2019 of prospectus top up offers of new 
ordinary shares for subscription in the 2018/2019 and 2019/2020 tax 
years (the "Offers"), the Companies are pleased to announce that, 
subject to obtaining the requisite regulatory approval, the current 
intention is for the Companies to raise up to GBP36 million in aggregate 
before issue costs (GBP6 million for each of the Companies). 
 
   In addition, it is intended that there will be an over-allotment 
facility of a further GBP2 million (before issue costs) for each of the 
Companies. Any election to make use of their over-allotment facility 
will be subject to the decision of individual boards of the Companies in 
the light of investments and disposals made and anticipated by them at 
the relevant time. 
 
   Full details of the Offers will be contained in a prospectus that is 
expected to be published in early January 2019 and will be available on 
the Albion Capital website ( 
https://www.globenewswire.com/Tracker?data=vinC7A2RJEY3ENaxoL4E3O9s5SGd6DWLtm16tc5NWzTESD8zffP4sPreA5q1pVRRL3QEaiaLZwQ-YdR5JZVVpSd-RLj17uoa5DkAC6izvPc= 
www.albion.capital). 
 
   Enquiries: 
 
   Will Fraser-Allen 
 
   Deputy Managing Partner, Albion Capital Group LLP 
 
   Tel: [phone] 
 
   6 November 2018 
 
 
 
 

(END) Dow Jones Newswires

November 06, 2018 02:00 ET (07:00 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.