Kings Arms Yard Statement Regarding The Proposed Issue Of A Prospectus

 
TIDMKAY 
 
 
   Statement regarding the proposed issue of a prospectus 
 
   LEI Code 213800DK8H27QY3J5R45 
 
   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 06:01 ET (10:01 GMT)

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