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Statement regarding the proposed issue of a prospectus

·1-min read

Statement regarding the proposed issue of a prospectus

LEI Code 213800DK8H27QY3J5R45

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”)

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 2022/2023 and 2023/2024 tax years (the "Offers").

The current intention is for the Companies, in aggregate, to raise up to £50 million, with over-allotment facilities of up to a further £30 million in aggregate, before issue costs, as follows:

 

Amount to be raised under each Offer

Over-allotment facility

Albion Development VCT PLC Offer

£8.0 million

£5.0 million

Albion Enterprise VCT PLC Offer

£8.5 million

£8.0 million

Albion Technology & General VCT PLC Offer

£8.5 million

£7.0 million

Albion Venture Capital Trust PLC Offer

£8.5 million

£2.5 million

Crown Place VCT PLC Offer

£8.0 million

£3.5 million

Kings Arms Yard VCT PLC Offer

£8.5 million

£4.0 million

Any election to make use of their over-allotment facility will be subject to the decision of the individual boards of the Companies at the relevant time.

Full details of the Offers will be contained in a prospectus that is expected to be published in October 2022 and will be available on the Albion Capital website (www.albion.capital).

Enquiries:

Will Fraser-Allen
Managing Partner, Albion Capital Group LLP
Investment Manager
Tel: 0207 601 1850

21 September 2022