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, Albion Venture Capital Trust 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

The Companies are pleased to announce (further to the announcement made on 18 October 2021) 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 2021/2022 and 2022/2023 tax years (the "Offers").

The current intention is for the Companies, in aggregate, to raise up to GBP80 million, with over-allotment facilities of up to a further GBP20 million in aggregate, before issue costs, as follows:

 
                           Amount to be raised under   Over-allotment facility 
                           each Offer 
-------------------------  --------------------------  ----------------------- 
Albion Development VCT     GBP15 million               GBP6 million 
PLC Offer 
-------------------------  --------------------------  ----------------------- 
Albion Enterprise VCT PLC  GBP20 million               GBP3 million 
Offer 
-------------------------  --------------------------  ----------------------- 
Albion Technology &        GBP20 million               GBP4 million 
General VCT PLC Offer 
-------------------------  --------------------------  ----------------------- 
Albion Venture Capital     GBP10 million               - 
Trust PLC Offer 
-------------------------  --------------------------  ----------------------- 
Crown Place VCT PLC Offer  GBP7 million                GBP5 million 
-------------------------  --------------------------  ----------------------- 
Kings Arms Yard VCT PLC    GBP8 million                GBP2 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 on or around 6 January 2022 and will be available on the Albion Capital website ( https://www.globenewswire.com/Tracker?data=kmQPIidiMhYKm31h9Hqg-UWU3JP1kLy0ruobU83f8pAdi-nBmqaOlx3T6UHFNjtDld7mv_AQkzlpj9UKjWOpsTYr9b5cEaq1zrUng3OmAOg= www.albion.capital).

Enquiries:

Will Fraser-Allen

Managing Partner, Albion Capital

Investment Manager

Tel: 0207 601 1850

7 December 2021

(END) Dow Jones Newswires

December 07, 2021 06:50 ET (11:50 GMT)

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