Closure of the Company's offer
16/03/2023 09:09
For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230316:nGNE39dtLR&default-theme=true
Kings Arms Yard VCT PLC
LEI Code 213800DK8H27QY3J5R45
Closure of the Company’s offer under the Albion VCTs Prospectus Top Up
Offers 2022/2023 (the “Offers")
The Board of Kings Arms Yard VCT PLC (the "Company") is pleased to announce
that it has reached its £12.5 million limit (inclusive of £4 million of the
Company’s over-allotment facility exercised) under its offer for
subscription pursuant to the Prospectus issued on 10 October 2022 ("Offer") by
the Company and the other Albion VCTs, which as of today is fully subscribed
for the Company and has now closed to further valid applications.
The next allotments in respect of valid applications received prior to the
Offer closing are expected to take place on 31 March 2023, for applications in
respect of the current tax year, and on 14 April 2023 for applications in
respect of the 2023/2024 tax year. Dealing in such shares is expected to
commence within 3 business days following allotment.
Albion Enterprise VCT PLC and Albion Technology & General VCT PLC remain open
for valid applications. As of 16 March 2023, the total amount raised across
the Albion VCTs under the Albion VCT Offers is £77 million.
The Albion VCT Offers opened 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).
A downloadable version of the Prospectus is available from www.albion.capital.
Copies of the Prospectus are available, free of charge, from the Companies'
registered office at 1 Benjamin Street, London, EC1M 5QL.
Terms used in this announcement have the same meaning as defined in the
Prospectus.
16 March 2023
Enquiries:
Vikash Hansrani
Operations Partner
Albion Capital Group LLP
Tel: 0207 601 1850