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6 September 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
Albion VCTs Prospectus Top Up Offers 2017/2018
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 £38 million (before issue
costs) (the "Offers").
The Offers open on 6 September 2017 and are expected to close no later than 24
August 2018 (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
www.albion.capital.
Copies of the Prospectus are available, free of charge, from the Companies'
registered office at 1 King's Arms Yard, London, EC2R 7AF.
In accordance with the Listing Rules, the Prospectus has been submitted to the
National Storage Mechanism and will shortly be available for inspection at
www.morningstar.co.uk/uk/NSM.
Enquiries:
For further information, please contact:
Patrick Reeve / Will Fraser-Allen
Albion Capital Group LLP
Telephone: 020 7601 1850
LEI No 213800SYIQPA3L3T1Q68
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