Albion Dev VCT Notification Of Portfolio Company Transaction
April 24 2018 - 10:03AM
UK Regulatory
TIDMAADV
Notification of portfolio company transaction
ALBION DEVELOPMENT VCT PLC
LEI Code 213800FDDMBD9QLHLB38
The Board of Albion Development 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: 020 7601 1850
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 Development VCT PLC - Ordinary Shares via Globenewswire
http://www.closeventures.co.uk
(END) Dow Jones Newswires
April 24, 2018 11:03 ET (15:03 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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