Closure of the Company's offer
March 09 2023 - 5:00AM
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 2022/2023 (the “Offers")
The Board of Albion Development VCT PLC (the
"Company") is pleased to announce that it has reached its £13
million limit (inclusive of £5 million of the Company’s
over-allotment facility exercised) under its offer for subscription
pursuant to the Prospectus issued on 10 October 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 2023, for applications in respect of the
current tax year, and on 14 April 2023 for applications in respect
of the 2023/2024 tax year. Dealing in such shares is expected to
commence within 3 business days following allotment.
Crown Place VCT PLC, Albion Enterprise VCT PLC,
Albion Technology & General VCT PLC and Kings Arms Yard VCT PLC
remain open for valid applications. As of 9 March 2023, the total
amount raised across the Albion VCTs under the Albion VCT Offers is
£72 million.
The Albion VCT Offers opened on 10 October 2022
and are expected to close no later than 29 September 2023 (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.
9 March 2023
Enquiries:Vikash HansraniOperations
PartnerAlbion Capital Group LLPTel: 0207 601 1850
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