Albion Enterprise VCT's £20 Million Offer Successfully Closes

Author: Hannah Lewis Updated: 02-27-2025 12:17 PM

Closure of Albion Enterprise VCT PLC Offer

Albion Enterprise VCT PLC is excited to share the closure of its recent offer under the Albion VCTs Prospectus Top Up Offers for the 2024/2025 period. This significant milestone marks the successful reception of applications reaching the company’s £20 million limit. This amount includes the full utilization of the £10 million over-allotment facility, which has been fully exercised, reflecting strong investor interest in the offerings.

Details of the Subscription Offer

With the applications being valid and accepted, the offer for subscription from Albion Enterprise VCT is now completely filled and is officially closed to any further applications. This achievement highlights the confidence investors have in the company and its future prospects. The allotment for valid applications received prior to the closure is scheduled for 21 March 2025, aligning with the tax year for 2024/2025.

Trading and Market Admission Plans

Albion Enterprise VCT PLC plans to facilitate the admission of shares to the official list of the Financial Conduct Authority, as well as to commence trading on the London Stock Exchange's market for listed securities. This is anticipated to take place on or about 26 March 2025, marking a critical step for the company in expanding its market presence.

Continued Opportunities in VCT Offerings

It is noteworthy that the offers for subscription for Albion Technology & General VCT PLC and Albion Crown VCT PLC remain open and continue to welcome valid applications. These offers, which are separate from Albion Enterprise's initiative, started on 6 January 2025 and are anticipated to close no later than 5:30 p.m. on 4 April 2025, barring full subscriptions occurring before this deadline.

Accessing the Prospectus

For those interested in reviewing the terms and details of the offers, a downloadable version of the Prospectus is readily accessible from www.albion.capital/offers. Further copies of the Prospectus are also made available at no cost from the registered office of the companies located at 1 Benjamin Street, London, EC1M 5QL.

Contact Information

For additional inquiries or further information regarding the offer and the recent developments related to Albion Enterprise VCT PLC, interested parties are encouraged to reach out to Vikash Hansrani, Operations Partner at Albion Capital Group LLP. He can be contacted directly at 0207 601 1850.

Frequently Asked Questions

What was the total amount raised in Albion Enterprise's latest offer?

The total amount raised in Albion Enterprise's latest offer was £20 million, which included an over-allotment facility.

When will the shares be admitted to the London Stock Exchange?

The shares are expected to be admitted to the London Stock Exchange around 26 March 2025.

Are there other VCT offers still open for applications?

Yes, offers for Albion Technology & General VCT PLC and Albion Crown VCT PLC are still open for valid applications.

What is the deadline for the other VCT offers?

The other VCT offers are expected to close by 5:30 p.m. on 4 April 2025, unless fully subscribed before that date.

Where can I find the Prospectus for the offers?

The Prospectus for the offers can be downloaded from the Albion Capital website or obtained free of charge from their registered office.

About The Author

Hi there, I'm Hannah Lewis, a writer and financial specialist of 36 years old committed to making money understandable and approachable to everyone. Years of working in the field have given me a thorough grasp of market trends, investment techniques, and economic fundamentals. My objective is to enable people, by means of understandable, useful guidance, to take charge of their financial destiny.

I have written many articles for financial blogs over my career that simplify difficult financial ideas into understandable insights. Being financially literate is a critical ability, and I am passionate about enabling people to confidently manage their financial lives. Regardless of your level of experience, my work will help you at every stage of the investment process. I appreciate being allowed to share in your success and financial expansion.

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