Publication of Prospectus
10 Outubro 2022 - 9:15AM
Publication of Prospectus
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 £50
million (before issue costs), together with over-allotment
facilities as detailed below (the "Offers") as follows:
|
|
Amount to be raised under each Offer |
Over-allotment facility |
|
Albion Development VCT PLC Offer |
£8.0 million |
£5.0 million |
|
Albion Enterprise VCT PLC Offer |
£8.5 million |
£8.0 million |
|
Albion Technology & General VCT PLC Offer |
£8.5 million |
£7.0 million |
|
Albion Venture Capital Trust PLC Offer |
£8.5 million |
£2.5 million |
|
Crown Place VCT PLC Offer |
£8.0 million |
£3.5 million |
|
Kings Arms Yard VCT PLC Offer |
£8.5 million |
£4.0 million |
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-AllenManaging Partner,
Albion Capital Group LLPInvestment ManagerTel: 0207 601 185010
October 2022
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