AADV Albion Development Vct Plc

 
TIDMAADV 
 
 
 
   ALBION DEVELOPMENT VCT PLC 
 
   LEI Code 213800FDDMBD9QLHLB38 
 
   CLOSURE OF THE COMPANY'S OFFER UNDER THE ALBION VCTS PROSPECTUS TOP UP 
OFFERS 2019/20 ("Albion VCT Offers") 
 
   The Board of Albion Development VCT PLC (the "Company") is pleased to 
announce that it has reached its GBP8m limit under its offer for 
subscription pursuant to the Prospectus dated 22 October 2019 ("Offer"), 
which is fully subscribed and has 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, GBP10m 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 offer in respect of the last remaining company participating in the 
Albion VCT Offers remains 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. 
 
   7 January 2020 
 
   Enquiries: 
 
   For further information, please contact 
 
   Albion Capital Group LLP 
 
   Telephone: 020 7601 1850 
 
 
 
 

(END) Dow Jones Newswires

January 07, 2020 05:32 ET (10:32 GMT)

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