Albion Ven Cap Trust Publication Of Prospectus
10 Outubro 2022 - 9:15AM
UK Regulatory
TIDMAAVC
Publication of Prospectus
Albion Venture Capital Trust PLC
LEI Code 213800JKELS32V2OK421
Albion Development VCT PLC, Albion Enterprise VCT PLC, Albion
Technology & General VCT PLC, Albion Venture Capital Trust PLC,
Crown Place VCT PLC and Kings Arms Yard VCT PLC
Albion VCTs Prospectus Top Up Offers 2022/2023
Albion Development VCT PLC, Albion Enterprise VCT PLC, Albion
Technology & General VCT PLC, Albion Venture Capital Trust PLC,
Crown Place VCT PLC and Kings Arms Yard VCT PLC (together, "the
Companies") announce that they have published a Prospectus
(comprising a Securities Note, Registration Document and Summary)
in relation to offers for subscription for new Ordinary Shares in
each of the Companies to raise, in aggregate, up to GBP50 million
(before issue costs), together with over-allotment facilities as
detailed below (the "Offers") as follows:
Amount to be raised under Over-allotment facility
each Offer
------------------------- -------------------------- -----------------------
Albion Development VCT GBP8.0 million GBP5.0 million
PLC Offer
------------------------- -------------------------- -----------------------
Albion Enterprise VCT PLC GBP8.5 million GBP8.0 million
Offer
------------------------- -------------------------- -----------------------
Albion Technology & GBP8.5 million GBP7.0 million
General VCT PLC Offer
------------------------- -------------------------- -----------------------
Albion Venture Capital GBP8.5 million GBP2.5 million
Trust PLC Offer
------------------------- -------------------------- -----------------------
Crown Place VCT PLC Offer GBP8.0 million GBP3.5 million
------------------------- -------------------------- -----------------------
Kings Arms Yard VCT PLC GBP8.5 million GBP4.0 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 at the relevant time.
The Offers open on 10 October 2022 and are expected to close no
later than 29 September 2023 (unless fully subscribed by an earlier
date or previously closed).
Each of the Companies has entered into an offer agreement
relating to the Offers with the Companies' investment manager
Albion Capital Group LLP ("Albion"), pursuant to which Albion will
receive a fee of 2.5 per cent. of the gross proceeds of the Offers
and out of which Albion will pay the costs of the Offers, as
detailed in the Prospectus. Albion is a related party of each of
the Companies under the Listing Rules, and therefore entering into
the offer agreement is a transaction to which Listing Rule 11.1.10
applies.
A downloadable version of the Prospectus will be 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.
In accordance with the Listing Rules, the Prospectus has been
submitted to the National Storage Mechanism and will shortly be
available for
inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
Enquiries:
Will Fraser-Allen
Managing Partner, Albion Capital Group LLP
Investment Manager
Tel: 0207 601 1850
10 October 2022
(END) Dow Jones Newswires
October 10, 2022 08:15 ET (12:15 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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