REG-Increase In Offer Amount <Origin Href="QuoteRef">CRPL.L</Origin>

Albion Crown VCTAnnouncement

24/01/2017 08:55

  
Crown Place VCT PLC
  
LEI code 213800SYIQPA3L3T1Q68
  
24 January 2017
  
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 ("the Companies")
 
Albion VCTs Prospectus Top Up Offers 2016/2017
  
In the light of strong demand for the Companies' shares under the Albion VCTs Prospectus Top Up Offers 2016/2017, which were launched on 29 November 2016, the boards of Albion Enterprise VCT PLC, Albion Technology & General VCT PLC, Albion Venture Capital Trust PLC, Crown Place VCT PLC and Kings Arms Yard VCT PLC are pleased to announce that they have elected to exercise their respective over-allotment facilities referred to in the prospectus. Accordingly the maximum amount that may be raised by each of these five companies is increased from 4 million to 6 million (before issue costs).
 
The board of Albion Development VCT PLC has decided not to exercise its over allotment facility and, accordingly, the maximum amount that may be raised by Albion Development VCT PLC remains at 4 million and its offer is, therefore, expected to be the first to close.
 
The maximum aggregate amount that may be raised by the Companies has, therefore, increased from 24 million to 34 million (before issue costs).
  
Enquiries:
  
For further information, please contact:
  
Patrick Reeve / Will Fraser-Allen
  
Albion Ventures LLP
Telephone: 020 7601 1850
   


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: Crown Place VCT PLC via Globenewswire