Albion Tech&Gen VCT Albion Technology & General Vct Plc - Ordinary Shares : Publication Of Prospectus
November 29 2016 - 12:18PM
UK Regulatory
TIDMAATG
29 November 2016
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 2016/2017
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 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 GBP24 million (before issue costs) (the "Offers").
In addition, there is an over-allotment facility of GBP2 million (before
issue costs) in respect of each VCT.
The Offers open on 29 November 2016 and are expected to close no later
than 29 September 2017 (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 Ventures LLP
("Albion"), pursuant to which Albion will receive a fee of 3 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-ventures.co.uk.
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 www.morningstar.co.uk/uk/NSM.
Enquiries:
For further information, please contact:
Patrick Reeve / Will Fraser-Allen
Albion Ventures LLP
Telephone: 020 7601 1850
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 Technology & General VCT PLC - Ordinary Shares via
Globenewswire
http://www.closeventures.co.uk
(END) Dow Jones Newswires
November 29, 2016 13:18 ET (18:18 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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