Closure of the Albion Crown VCT Subscription Offer
Albion Crown VCT PLC has reached a significant milestone in its fundraising efforts. The company has officially closed its offer under the Albion VCTs Prospectus Top Up Offers for the 2024/2025 period. This announcement comes as the Board of Albion Crown VCT PLC expresses its pleasure in having received applications that have met its £30 million target, which includes an exercised £10 million overallotment facility.
Details of the Subscription Offer Success
The company's offer for subscription was made public through a prospectus dated November 12, 2024. Applications for shares were reviewed in light of this documentation, and upon validation, the offer is now fully subscribed. This means that Albion Crown VCT PLC has closed the offer to any further applications, marking a successful endeavor for the organization.
Upcoming Allotments and Admission
Looking ahead, the second and final allotments for valid applications prior to the closure are set for April 4, 2025. This allotment pertains to the tax year of 2024/2025. Shareholders can anticipate that the shares will be admitted to the Official List of the Financial Conduct Authority and will begin trading on the London Stock Exchange around April 8, 2025.
Overview of Fundraising Across Albion VCTs
It's important to note that the recent offers made by Albion Crown VCT PLC form part of a broader initiative across various Albion VCTs. The cumulative funds raised during this subscription campaign have reached an impressive total of £80 million, demonstrating strong support from investors.
Accessing Further Information
For those interested in exploring more about the investment opportunity, a downloadable version of the prospectus is readily available online at Albion Capital's website. Additionally, hard copies can be obtained at no cost from the registered office located at 1 Benjamin Street, London, EC1M 5QL.
Contact Information for Inquiries
For any further details or inquiries regarding the subscription offer, individuals can reach out to:
Vikash Hansrani
Operations Partner
Albion Capital Group LLP
Tel: 0207 601 1850
Frequently Asked Questions
What is Albion Crown VCT PLC?
Albion Crown VCT PLC is a venture capital trust that invests in a range of growth-focused businesses. It provides investors with the opportunity to invest in a diversified portfolio while benefiting from tax incentives.
What was the purpose of the recent subscription offer?
The subscription offer aimed to raise funds to invest in new opportunities while supporting existing investments under the Albion VCT framework.
How much was raised through the subscription offer?
A total of £30 million was successfully raised through the offer, with additional participation contributing to a grand total of £80 million across all Albion VCTs.
When will shares be available for trading?
Shares are expected to commence trading on the London Stock Exchange on or about April 8, 2025, following their admission to the Official List.
Where can I find the prospectus?
The prospectus is available for download at Albion Capital's official website, and print copies can be acquired at no charge from their registered office.
