Kings Arms Yard Publication Of Prospectus
18 Noviembre 2015 - 8:21AM
UK Regulatory
TIDMKAY
18 November 2015
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 2015/2016
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 GBP25.5 million (before issue costs), together with
an over allotment facility of up to a further GBP10.5 million in
aggregate (before issue costs) (the "Offers").
The Offers opened on 17 November 2015 and are expected to close no later
than 30 September 2016 (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 Ventures LLP
("Albion"), pursuant to which Albion will receive a fee of 3 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-ventures.co.uk.
Copies of the Prospectus are available, free of charge, from the
Companies' registered office at 1 King's Arms Yard, London, EC2R 7AF.
In accordance with the Listing Rules, the Prospectus has been submitted
to the National Storage Mechanism and will shortly be available for
inspection at www.morningstar.co.uk/uk/NSM.
Enquiries:
For further information, please contact:
Patrick Reeve / Will Fraser-Allen
Albion Ventures LLP
Telephone: 020 7601 1850
This announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: Kings Arms Yard VCT PLC via Globenewswire
HUG#1967753
http://www.sparkventures.com
(END) Dow Jones Newswires
November 18, 2015 09:21 ET (14:21 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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