Albion EnterpriseVCT Statement Regarding The Proposed Issue Of A Prospectus
September 27 2019 - 5:57AM
UK Regulatory
TIDMAAEV
Statement regarding the proposed issue of a prospectus
LEI Code 213800OVSRDHRJBMO720
Albion Venture Capital Trust PLC, Albion Development VCT PLC, Albion
Enterprise VCT 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 2019/2020
and 2020/2021 tax years (the "Offers").
The current intention is for the Companies in aggregate to raise up to
GBP34 million, with an over-allotment facility of a further GBP2 million
for each of the Companies before issue costs as follows:
Amount to be raised under Over allotment facility
each Offer
------------------------- -------------------------- -----------------------
Albion Development VCT GBP8 million GBP2 million
PLC Offer
------------------------- -------------------------- -----------------------
Albion Enterprise VCT PLC GBP6 million GBP2 million
Offer
------------------------- -------------------------- -----------------------
Albion Venture Capital GBP6 million GBP2 million
Trust PLC Offer
------------------------- -------------------------- -----------------------
Crown Place VCT PLC Offer GBP4 million GBP2 million
------------------------- -------------------------- -----------------------
Kings Arms Yard VCT PLC GBP10 million GBP2 million
Offer
------------------------- -------------------------- -----------------------
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 Autumn 2019 and will be available on the
Albion Capital website (www.albion.capital).
Enquiries:
Will Fraser-Allen
Managing Partner, Albion Capital
Tel: 0207 601 1850
27 September 2019
(END) Dow Jones Newswires
September 27, 2019 05:57 ET (09:57 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
Albion Enterprise Vct (LSE:AAEV)
Historical Stock Chart
From Jun 2024 to Jul 2024
Albion Enterprise Vct (LSE:AAEV)
Historical Stock Chart
From Jul 2023 to Jul 2024