Albion Dev VCT Closure Of The Company's Offer
09 Marzo 2023 - 4:00AM
UK Regulatory
TIDMAADV
Albion Development VCT PLC
LEI Code 213800FDDMBD9QLHLB38
Closure of the Company's offer under the Albion VCTs Prospectus
Top Up Offers 2022/2023 (the "Offers")
The Board of Albion Development VCT PLC (the "Company") is
pleased to announce that it has reached its GBP13 million limit
(inclusive of GBP5 million of the Company's over-allotment facility
exercised) under its offer for subscription pursuant to the
Prospectus issued on 10 October 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.
The next allotments in respect of valid applications received
prior to the Offer closing are expected to take place on 31 March
2023, for applications in respect of the current tax year, and on
14 April 2023 for applications in respect of the 2023/2024 tax
year. Dealing in such shares is expected to commence within 3
business days following allotment.
Crown Place VCT PLC, Albion Enterprise VCT PLC, Albion
Technology & General VCT PLC and Kings Arms Yard VCT PLC remain
open for valid applications. As of 9 March 2023, the total amount
raised across the Albion VCTs under the Albion VCT Offers is GBP72
million.
The Albion VCT Offers opened 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).
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.
9 March 2023
Enquiries:
Vikash Hansrani
Operations Partner
Albion Capital Group LLP
Tel: 0207 601 1850
(END) Dow Jones Newswires
March 09, 2023 05:00 ET (10:00 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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