Albion Capital's New Prospectus: Fundraising Goals
Albion Technology & General VCT PLC, alongside its affiliated companies, has recently published an exciting prospectus for their upcoming fundraising effort.
Funding Goals and Structure
This initiative aims to secure up to £60 million through the issuance of new Ordinary Shares, with an additional opportunity for over-allotment that could bring in an extra £30 million. This structured approach is carefully designed to enhance capital growth and ensure robust financial health across the participating companies.
Details of Each Company
The three companies involved in this endeavor, namely Albion Enterprise VCT PLC, Albion Technology & General VCT PLC, and Albion Crown VCT PLC, have detailed their individual targets within the prospectus:
- Albion Enterprise VCT PLC: Aiming to raise £20 million, with a facility to increase this through excess subscription up to £10 million.
- Albion Technology & General VCT PLC: Targeting £20 million alongside a similar over-allotment opportunity of £10 million.
- Albion Crown VCT PLC: Also seeks £20 million, with the option to access an additional £10 million if demands exceed expectations.
Timeline for Offers
The offers are set to commence on 3 November 2025 and are expected to remain open until 2 April 2026. However, if the targets are achieved sooner, the offer may close early.
Investment Management and Fees
Albion Capital Group LLP, the investment manager for these companies, has entered into an agreement that outlines a fee structure based on the gross proceeds from the offers. Specifically, they will receive a 3 percent fee, which is comprehensive of all associated costs borne during the offer process. This arrangement ensures transparency and aligns the interests of Albion with those of the shareholders.
Prospectus Accessibility
For those interested in the specifics, the prospectus is available for download from Albion’s official site. This document includes critical information for potential investors, allowing them to make informed decisions. Furthermore, in adherence to the UK Listing Rules, the prospectus has been submitted for public inspection at the National Storage Mechanism.
Further Information and Contacts
If you have additional questions about the offers or the prospectus, you can reach out to Will Fraser-Allen, the Managing Partner at Albion Capital Group. He is available at 0207 601 1850 to assist with any inquiries regarding this fundraising initiative.
Frequently Asked Questions
What is the purpose of the prospectus published by Albion?
The prospectus outlines their initiative to raise funds through the issuance of new shares, targeting an aggregate of £60 million.
When do the fundraising offers open and close?
The offers will open on 3 November 2025 and are expected to close by 2 April 2026, barring early completion if fully subscribed.
How much will Albion Capital receive from the fundraising?
Albion Capital Group LLP will receive a fee of 3 percent of the gross proceeds from the offers.
Where can I access the prospectus?
The prospectus will be downloadable from Albion’s website, ensuring potential investors can view all necessary information.
Who should I contact for more information?
For queries, reach out to Will Fraser-Allen at Albion Capital Group LLP at 0207 601 1850.
