ALBION ENTERPRISE VCT PLC Statement regarding the proposed issue of a prospectus
LEI Code 213800OVSRDHRJBMO720
Albion Development VCT PLC,
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 £45 million, with an over-allotment facility of a further £3 million for each of the Companies, before issue costs as follows:
| Amount to be raised under each Offer | Over-allotment facility | |
| Albion Development VCT PLC Offer | £7 million | £3 million |
| Albion Enterprise VCT PLC Offer | £6 million | £3 million |
| Albion Technology & General VCT PLC Offer | £14 million | £3 million |
| Crown Place VCT PLC Offer | £6 million | £3 million |
| Kings Arms Yard VCT PLC Offer | £12 million | £3 million |
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
Enquiries:
Managing Partner,
Investment Manager
Tel: 0207 601 1850
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