Closure of the Company's Offer
March 23 2022 - 8:00AM
Closure of the Company's Offer
Albion Development VCT PLC
LEI Code 213800FDDMBD9QLHLB38
Closure of the Company’s offer under the Albion
VCTs Prospectus Top Up Offers 2021/2022 ("Albion VCT Offers")
The Board of Albion Development VCT PLC (the
"Company") is pleased to announce that it has reached its £21
million limit (inclusive of the £6 million over-allotment facility
exercised) under its offer for subscription pursuant to the
Prospectus issued on 6 January 2022 ("Offer") by the Company and
the other Albion VCTs, which as of today is fully subscribed for
the Company and has now closed to further valid applications.
The next allotments in respect of valid
applications received prior to the Offer closing are expected to
take place on 31 March 2022, for applications in respect of the
current tax year, and on 13 April 2022 for applications in respect
of the 2022/2023 tax year. Dealing in such shares is expected to
commence within 3 business days following allotment.
Albion Enterprise VCT PLC and Albion Technology
& General VCT PLC remain open for valid applications. As of 22
March 2022, the total amount raised across the Albion VCTs under
the Albion VCT Offers is £90 million.
The Albion VCT Offers opened on 6 January 2022
and are expected to close no later than 30 September 2022 (unless
fully subscribed by an earlier date or previously closed).
A downloadable version of the Prospectus is
available from www.albion.capital. Copies of the Prospectus are
available, free of charge, from the Companies' registered office at
1 Benjamin Street, London, EC1M 5QL.
Terms used in this announcement have the same
meaning as defined in the Prospectus.
Enquiries:Will Fraser-AllenManaging Partner,
Albion Capital Group LLPInvestment ManagerTel: 0207 601 185023
March 2022
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