12th Feb 2021 06:55
Albion Development VCT PLC - London-based venture capital trust - Says it has reached its GBP10 million limit - while being inclusive of the GBP3 million over-allotment facility exercised - under its offer for subscription announced on January 5. As of Thursday, it is fully subscribed and is now closed to further applications. Notes an GBP8 million subscription offer was fully subscribed and closed to further applications as of January 7.
"Allotments in respect of valid applications received prior to the offer closing are expected to take place on February 26 for applications in respect of the current tax year, and on April 9 for applications in respect of the 2021 to 2022 tax year. Dealing in such shares is expected to commence within three business days following allotment," says Albion Development.
Current stock price: 71.00 pence
Year-to-date change: down 4.1%
By Zoe Wickens; [email protected]
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