Publication of Prospectus
Publication of Prospectus
Albion Venture Capital Trust PLC
LEI Code 213800JKELS32V2OK421
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 2022/2023
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 £50 million (before issue costs), together with over-allotment facilities as detailed below (the "Offers") as follows:
| Amount to be raised under each Offer | Over-allotment facility | |
| Albion Development VCT PLC Offer | £8.0 million | £5.0 million |
| Albion Enterprise VCT PLC Offer | £8.5 million | £8.0 million |
| Albion Technology & General VCT PLC Offer | £8.5 million | £7.0 million |
| Albion Venture Capital Trust PLC Offer | £8.5 million | £2.5 million |
| Crown Place VCT PLC Offer | £8.0 million | £3.5 million |
| Kings Arms Yard VCT PLC Offer | £8.5 million | £4.0 million |
Any election to make use of their over-allotment facility will be subject to the decision of the individual boards of the Companies at the relevant time.
The Offers open on 10 October 2022 and are expected to close no later than 29 September 2023 (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 Capital Group LLP (“Albion”), pursuant to which Albion will receive a fee of 2.5 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
Copies of the Prospectus are available, free of charge, from the Companies' registered office at 1 Benjamin Street, London, EC1M 5QL.
In accordance with the Listing Rules, the Prospectus has been submitted to the National Storage Mechanism and will shortly be available for inspection at .
Enquiries:
Will Fraser-Allen
Managing Partner, Albion Capital Group LLP
Investment Manager
Tel: 0207 601 1850
10 October 2022
