Albion Dev VCT Portfolio And Nav Update
02 Marzo 2023 - 7:00PM
UK Regulatory
TIDMAADV
THIS ANNOUNCEMENT HAS BEEN DETERMINED BY THE COMPANY TO CONTAIN
INSIDE INFORMATION FOR THE PURPOSES OF THE UK VERSION OF MARKET
ABUSE REGULATION (EU) NO. 596/2014, WHICH IS PART OF UK LAW BY
VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED.
UPON PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS
NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
Albion Development VCT PLC
LEI Code 213800FDDMBD9QLHLB38
Portfolio and NAV Update
Albion Development VCT PLC (the "Company") is pleased to report
that a company within its portfolio is undergoing an external
fundraising process. There is no certainty that this will complete,
or complete on the basis of the proposed terms.
However, the Manager's view of the current effect of this event,
on the valuation of that portfolio interest and its impact on the
Company's net asset value ("NAV"), as at today's date, is an
unaudited uplift of 5.25 pence per share (5.92%) to the most
recently announced 31 December 2022 unaudited NAV. Therefore, the
effective unaudited NAV of the Company is now 93.90 pence per
share. This revised unaudited NAV only reflects an adjustment in
respect of the portfolio interest referred to above, and does not
reflect a revaluation of the entire portfolio.
The Company expects to publish its Annual Report and Financial
Statements for the year ended 31 December 2022 in late March
2023.
A further update will be made in due course, if required,
otherwise further information will be included in the Interim
Management Statement for the period to 31 March 2023, at which
point the entire portfolio will have been revalued to take account
of recent events. This is expected to be announced in May 2023.
For further information please contact:
Vikash Hansrani
Operations Partner
Albion Capital Group LLP
Telephone: 020 7601 1850
2 March 2023
(END) Dow Jones Newswires
March 02, 2023 13:00 ET (18:00 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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