Albion Tech&Gen VCT Statement Regarding The Proposed Issue Of A Prospectus
November 23 2020 - 08:05AM
UK Regulatory
TIDMAATG
Statement regarding the proposed issue of a prospectus
LEI Code 213800TKJUY376H3KN16
Albion Development VCT PLC, Albion Enterprise VCT PLC, Albion Technology
& General VCT PLC, Crown Place VCT PLC and Kings Arms Yard VCT PLC
(together "The Companies")
Statement regarding the proposed issue of a prospectus for the Albion
VCTs Prospectus Top Up Offers
The Companies are pleased to announce that, subject to obtaining the
requisite regulatory approval, the Companies intend to launch prospectus
top up offers of new ordinary shares for subscription in the 2020/2021
and 2021/2022 tax years (the "Offers").
The current intention is for the Companies, in aggregate, to raise up to
GBP45 million, with an over-allotment facility of a further GBP3 million
for each of the Companies, before issue costs as follows:
Amount to be raised under Over-allotment facility
each Offer
------------------------- -------------------------- -----------------------
Albion Development VCT GBP7 million GBP3 million
PLC Offer
------------------------- -------------------------- -----------------------
Albion Enterprise VCT PLC GBP6 million GBP3 million
Offer
------------------------- -------------------------- -----------------------
Albion Technology & GBP14 million GBP3 million
General VCT PLC Offer
------------------------- -------------------------- -----------------------
Crown Place VCT PLC Offer GBP6 million GBP3 million
------------------------- -------------------------- -----------------------
Kings Arms Yard VCT PLC GBP12 million GBP3 million
Offer
------------------------- -------------------------- -----------------------
Any election to make use of their over-allotment facility will be
subject to the decision of the 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 2021 and will be available on
the Albion Capital website (
https://www.globenewswire.com/Tracker?data=0Dzw9SoG9ynfjdhm_H-5va4mtzyMEDWTvAZvnku5qmWcKO1vi4c07Zi_8uQUIqI7j7vi9PkW3A2UKGr0hWfnFqBLd0vlwZJ7itUOQzTako0=
www.albion.capital).
Enquiries:
Will Fraser-Allen
Managing Partner, Albion Capital
Investment Manager
Tel: 0207 601 1850
23 November 2020
(END) Dow Jones Newswires
November 23, 2020 09:05 ET (14:05 GMT)
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