Albion Inc&Gth VCT Launch of the Albion VCTs Top Up Offers 2012/2013
October 19 2012 - 9:57AM
UK Regulatory
TIDMAAIG
Albion Income & Growth VCT PLC
Launch of the Albion VCTs Top Up Offers 2012/2013
The Board is pleased to announce the launch today of a top up offer (the
'Offer') for Albion Income & Growth VCT PLC (the 'Company') seeking to raise up
to GBP2.5m as part of the Albion VCTs Top Up Offers 2012/2013.
As the maximum amount that can be raised under the Offer (over any 12 month
period) will not exceed the lower of 10% of issued share capital and 5m euros,
the Company is not required to publish a full prospectus under the Prospectus
Rules.
In total, six of the VCTs managed by Albion Ventures LLP are making top up
offers seeking to raise up to GBP15m (the 'Offers').
The proceeds of the Offers will be used to provide useful additional liquidity
for the Companies in order to take advantage of appropriate investment
opportunities that fall within current VCT legislation, as well as helping fund
the Company's annual running costs, market purchases of own shares and the
payment of dividends.
The Offers will have a first closing at 12 noon on 19 December 2012, and will
close at 12 noon on 5 April 2013 for the tax year ending 5 April 2013 and at 12
noon on 12 June 2013 for the tax year ending 5 April 2014, unless fully
subscribed, closed or extended beforehand.
The Promoter for the Offers is
RAM Capital Partners LLP
74 Chancery Lane
London
WC2A 1AD
Tel: 0203 006 7530
Email: taxsolutions@ramcapital.co.uk
The Receiving Agent for the Offers is
Albion Ventures LLP
1 King's Arms Yard
London
EC2R 7AF
Telephone: 0808 178 1680
Email: info@albion-ventures.co.uk
The Investor Guide, Offers Document and Application Procedure and Application
Form, which are attached below, can be found on the website www.albion-
ventures.co.uk, and will also be filed at the National Storage mechanism.
Copies of the Investor Guide, Offers Document and Application Procedure and
Application Form can also be obtained free of charge from
Albion Ventures LLP
1 King's Arms Yard
London
EC2R 7AF
Telephone:
Email: info@albion-ventures.co.uk
19 October 2012
Contact
Patrick Reeve, Albion Ventures LLP 0207 601 1850
Investor Guide:
http://hugin.info/141810/R/1650798/532409.pdf
Offers Document:
http://hugin.info/141810/R/1650798/532410.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Albion Income & Growth VCT PLC via Thomson Reuters ONE
[HUG#1650798]
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