Share buy-backs
20/11/2012 13:41
Share buy-backs Albion Development VCT PLC The Board of Albion Development VCT PLC announces a change in policy regarding the discount applied to the buying back of shares by the Company. With immediate effect, the Company's target is to be able to buy back shares at a discount to net asset value of around 5 per cent. This policy is subject to the overall constraint that such purchases are in the Company's interest so far as market conditions and liquidity permit. This includes the maintenance of sufficient cash resources for investment in new and existing investee companies and in continued payment of dividends to shareholders. For further information please contact Patrick Reeve Albion Ventures LLP 0207 601 1882 This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Albion Development VCT PLC - Ordinary Shares via Thomson Reuters ONE HUG#1659466