Albion EnterpriseVCT Publication Of Prospectus
October 22 2019 - 12:10PM
UK Regulatory
TIDMAAEV
LEI Code 213800OVSRDHRJBMO720
Albion Development VCT PLC, Albion Enterprise VCT PLC, Albion Venture
Capital Trust PLC, Crown Place VCT PLC and Kings Arms Yard VCT PLC
Albion VCTs Prospectus Top Up Offers 2019/2020
Albion Development VCT PLC, Albion Enterprise VCT PLC, Albion Venture
Capital Trust PLC, Crown Place VCT PLC and Kings Arms Yard VCT PLC
(together, "the Companies") announce that they have published a
Prospectus (comprising a Securities Note, Registration Document and
Summary) in relation to offers for subscription for new Ordinary Shares
in each of the Companies to raise, in aggregate, up to GBP34 million
(before issue costs) (the "Offers") as follows:
Albion Development VCT PLC GBP8 million
Albion Enterprise VCT PLC GBP6 million
Albion Venture Capital Trust PLC GBP6 million
Crown Place VCT PLC GBP4 million
Kings Arms Yard VCT PLC GBP10 million
In addition, there is an over-allotment facility of a further GBP2
million (before issue costs) for each of the Companies. 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.
The Offers open on 22 October 2019 and are expected to close no later
than 30 September 2020 (unless fully subscribed by an earlier date or
previously closed).
Each of the Companies has entered into an offer agreement relating to
the Offers with the Companies' investment manager Albion Capital Group
LLP ("Albion"), pursuant to which Albion will receive a fee of 2.5 per
cent. of the gross proceeds of the Offers and out of which Albion will
pay the costs of the Offers, as detailed in the Prospectus. Albion is a
related party of each of the Companies under the Listing Rules, and
therefore entering into the offer agreement is a transaction to which
Listing Rule 11.1.10 applies.
A downloadable version of the Prospectus will be 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.
In accordance with the Listing Rules, the Prospectus has been submitted
to the National Storage Mechanism and will shortly be available for
inspection at
https://www.globenewswire.com/Tracker?data=hfyB70ZTq3jRR4PJQI-unlqdhsok3QU2-FegkmBZhPHZ58QCEHQAJvZoUZYHkgwWHDVRVpNTATsk1dOqyReuLqFJ8dpC-E-p1vKJPDsIRRN_4bY0slND7L0l2CJvjmgP
www.morningstar.co.uk/uk/NSM.
22 October 2019
Enquiries:
For further information, please contact:
Will Fraser-Allen
Managing Partner
Albion Capital Group LLP
Telephone: 020 7601 1850
(END) Dow Jones Newswires
October 22, 2019 12:10 ET (16:10 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