Albion Ven Cap Trust Closure Of The Company's Offer Under The Albion Vcts Prospectus Top Up Offers 2019/20
December 11 2019 - 10:47AM
UK Regulatory
TIDMAAVC
ALBION VENTURE CAPITAL TRUST PLC
LEI CODE 213800JKELS32V2OK421
CLOSURE OF THE COMPANY'S OFFER UNDER THE ALBION VCTS PROSPECTUS TOP UP
OFFERS 2019/20 ("Albion VCT Offers")
The Board of Albion Venture Capital Trust PLC (the "Company") is pleased
to announce that it has reached its GBP6m limit under its offer for
subscription pursuant to the Prospectus dated 22 October 2019 ("Offer"),
which as of today is fully subscribed and has now closed to further
applications.
In light of recent investments and disposals made, the Board has decided
not to exercise its over-allotment facility of a further GBP2m to take
the amount up to its maximum limit, GBP8m as provided for under the
Offer.
Allotments in respect of valid applications received prior to the Offer
closing are expected to take place on 31 January 2020, for applications
in respect of the current tax year, and on 8 April 2020 for applications
in respect of the 2020/2021 tax year. Dealing in such shares is expected
to commence within 3 business days following allotment.
The offers in respect of the three companies still participating in the
Albion VCT Offers remain open and valid applications for shares in the
Company received subsequent to the Offer closing will be dealt with in
accordance with prospective investors' instructions on their application
forms.
11 December 2019
Enquiries:
For further information, please contact
Albion Capital Group LLP
Telephone: 020 7601 1850
(END) Dow Jones Newswires
December 11, 2019 10:47 ET (15:47 GMT)
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