Albion Ven Cap Trust Statement Regarding The Proposed Issue Of A Prospectus
November 06 2018 - 1:00AM
UK Regulatory
TIDMAAVC
LEI Code 213800JKELS32V2OK421
Albion Venture Capital Trust PLC, Albion Development VCT PLC, Albion
Enterprise VCT PLC, Albion Technology & General VCT 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
Further to the announcement made on 10 September 2018 in respect of the
intended launch in early January 2019 of prospectus top up offers of new
ordinary shares for subscription in the 2018/2019 and 2019/2020 tax
years (the "Offers"), the Companies are pleased to announce that,
subject to obtaining the requisite regulatory approval, the current
intention is for the Companies to raise up to GBP36 million in aggregate
before issue costs (GBP6 million for each of the Companies).
In addition, it is intended that there will be 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.
Full details of the Offers will be contained in a prospectus that is
expected to be published in early January 2019 and will be available on
the Albion Capital website (
https://www.globenewswire.com/Tracker?data=2cdWXTv9xgPfazVoII-SWovpzC2w1bqxbOCAPj-8_PDjhu_AKHZGlvtCkgllf732dAejykKU8FPUc_ZQiYFIVGlHBIhsGteHoTWut-xO2tg=
www.albion.capital).
Enquiries:
Will Fraser-Allen
Deputy Managing Partner, Albion Capital Group LLP
Tel: 0207 601 1850
6 November 2018
(END) Dow Jones Newswires
November 06, 2018 02:00 ET (07:00 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
Albion Venture Capital (LSE:AAVC)
Historical Stock Chart
From Apr 2024 to May 2024
Albion Venture Capital (LSE:AAVC)
Historical Stock Chart
From May 2023 to May 2024