Albion Ven Cap Trust Statement Regarding The Proposed Issue Of A Prospectus
November 04 2016 - 10:10AM
UK Regulatory
TIDMAAVC
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
Statement regarding the proposed issue of a prospectus for the Albion
VCTs Top Up Offers 2016/2017
The Board is pleased to announce that, subject to obtaining the
requisite regulatory approval, it intends to launch a prospectus offer
of new ordinary shares for subscription in the 2016/2017 and 2017/2018
tax years (the "Offer"). The Offer will form part of top up offers for
the six VCTs managed by Albion Ventures LLP seeking to raise, in
aggregate, up to GBP24m.
Full details of the Offer will be contained in a prospectus that is
expected to be published on or around 29 November 2016 and will be
available on the Albion Ventures LLP website
(www.albion-ventures.co.uk). The Offer is expected to close on 29
September 2017 unless fully subscribed or closed earlier.
This announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq 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: Albion Venture Capital Trust PLC via Globenewswire
http://www.closeventures.co.uk
(END) Dow Jones Newswires
November 04, 2016 10:10 ET (14:10 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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