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Intention to Launch: Albion VCT top-up offers
Albion has issued our intention to launch top-up offers to raise £60m across five of our VCTs. This is scheduled for early January 2024. More details will be available on our website when the offers are launched.
https://www.londonstockexchange.com/news-article/AAEV/statement-regarding-the-proposed-issue-of-a-prospectus/16164509
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 2023/2024 and 2024/2025 tax years (the “Offers”).
The current intention is for the Companies, in aggregate, to raise up to £60 million, before issue costs, as follows:
Amount to be raised under each Offer
- Albion Development VCT PLC Offer
£14.50 million - Albion Enterprise VCT PLC Offer
£15.75 million - Albion Technology & General VCT PLC Offer
£11.75 million - Crown Place VCT PLC Offer
£7.50 million - Kings Arms Yard VCT PLC Offer
£10.50 million
Full details of the Offers will be contained in a prospectus that is expected to be made available in early January 2024 on our website.For any queries, email info@albion.capital.
This is a prospectus advertisement provided by Albion Capital Group LLP (Albion Capital) for information purposes only to provide an update on the intention to launch Albion VCT Prospectus Top Up Offers. Prospective investors should only subscribe for shares on the basis of information in the Prospectus, which highlights the risk of investing in VCTs and will be available on this website.
Albion Capital does not provide financial advice or ensure suitability and this email should not be construed as investment or tax advice. We always recommend that investors talk to a qualified financial adviser before making any investment decisions.
