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
Statement regarding the proposed issue of a prospectus for the Albion VCTs Top Up Offers 2016/2017
The Board is pleased to announce that, subject to obtaining the requisite regulatory approval, it intends to launch a prospectus offer of new ordinary shares for subscription in the 2016/2017 and 2017/2018 tax years (the "Offer"). The Offer will form part of top up offers for the six VCTs managed by Albion Ventures LLP seeking to raise, in aggregate, up to £24m.
Full details of the Offer will be contained in a prospectus that is expected to be published on or around 29 November 2016 and will be available on the Albion Ventures LLP website (www.albion-ventures.co.uk). The Offer is expected to close on 29 September 2017 unless fully subscribed or closed earlier.