Albion EnterpriseVCT Publication Of Prospectus
January 07 2019 - 11:55AM
UK Regulatory
TIDMAAEV
LEI Code 213800OVSRDHRJBMO720
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
Albion VCTs Prospectus Top Up Offers 2018/2019
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") announce that
they have today published a Prospectus (comprising a Securities Note,
Registration Document and Summary) in relation to offers for
subscription for new Ordinary Shares in each of the Companies to raise,
in aggregate, up to GBP36 million (before issue costs) (the "Offers").
In addition, there is 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.
The Offers open on 7 January 2019 and are expected to close no later
than 30 September 2019 (unless fully subscribed by an earlier date or
previously closed).
Each of the Companies has entered into an offer agreement relating to
the Offers with the Companies' investment manager Albion Capital Group
LLP ("Albion"), pursuant to which Albion will receive a fee of 2.5 per
cent. of the gross proceeds of the Offers and out of which Albion will
pay the costs of the Offers, as detailed in the Prospectus. Albion is a
related party of each of the Companies under the Listing Rules, and
therefore entering into the offer agreement is a transaction to which
Listing Rule 11.1.10 applies.
A downloadable version of the Prospectus will be available from
www.albion.capital.
Copies of the Prospectus are available, free of charge, from the
Companies' registered office at 1 King's Arms Yard, London, EC2R 7AF.
In accordance with the Listing Rules, the Prospectus has been submitted
to the National Storage Mechanism and will shortly be available for
inspection at
https://www.globenewswire.com/Tracker?data=017R458oT-4yoTwmxuNo4PKTgAXG6y__BVeDA5PEtsy91qhHlxra2jmZLgQA5IvwWhaV-pMjdCvh-UJv1x-PL0cnx0xP4Mn_rO6aMk-Ou_P2NJ5l7VrV0abprJwdfYaQ
www.morningstar.co.uk/uk/NSM.
7 January 2019
Enquiries:
For further information, please contact:
Patrick Reeve / Will Fraser-Allen
Albion Capital Group LLP
Telephone: 020 7601 1850
(END) Dow Jones Newswires
January 07, 2019 12:55 ET (17:55 GMT)
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