16th Feb 2022 10:40
Closure of the Company's OfferAlbion Venture Capital Trust PLC
LEI CODE 213800JKELS32V2OK421
Closure of the Company’s offer under the Albion VCTs Prospectus Top Up Offers 2021/2022 ("Albion VCT Offers")
The Board of Albion Venture Capital Trust PLC (the "Company") is pleased to announce that it has reached its £10 million limit under its offer for subscription pursuant to the Prospectus issued on 6 January 2022 ("Offer") by the Company and the other Albion VCTs, which as of today is fully subscribed for the Company and has now closed to further valid applications.
Allotments in respect of valid applications received prior to the Offer closing are expected to take place on 25 February 2022, for applications in respect of the current tax year, and on 13 April 2022 for applications in respect of the 2022/2023 tax year. Dealing in such shares is expected to commence within 3 business days following allotment.
Albion Development VCT PLC, Albion Enterprise VCT PLC, Crown Place VCT PLC and Albion Technology & General VCT PLC remain open for valid applications. As of 15 February 2022, the total amount raised across the Albion VCTs under the Albion VCT Offers is £58 million.
The Albion VCT Offers opened on 6 January 2022 and are expected to close no later than 30 September 2022 (unless fully subscribed by an earlier date or previously closed).
A downloadable version of the Prospectus is 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.
Terms used in this announcement have the same meaning as defined in the Prospectus.
Enquiries:Will Fraser-AllenManaging Partner, Albion Capital Group LLPInvestment ManagerTel: 0207 601 185016 February 2022
Related Shares:
Albion Venture