21st Dec 2019 14:40
(Alliance News) - Albion Enterprise VCT PLC said Friday afternoon it had reached its intended fund raise of GBP6 million, and so has closed its offer for further subscription.
The venture capital trust said it had decided against exercising its over-allotment facility for an additional GBP2 million, in view of recent investments and disposals.
Back in November, investment manager Albion Capital Group LLP said it was raising GBP36 million in aggregate for its six listed venture capital funds, including Albion Enterprise.
Albion Enterprise shares ended Friday in London at 112.00 pence, down 0.9% on the day.
By Tom Waite; [email protected]
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