Albion VCTs Set to Launch New Offers for Share Subscription
Albion Crown VCT PLC, Albion Enterprise VCT PLC, and Albion Technology & General VCT PLC, also known as Albion VCTs, are anticipating an exciting opportunity for investors. With plans to introduce a prospectus for top-up offers of new ordinary shares, the companies are gearing up for a significant fundraising initiative ahead of the 2025/2026 tax year.
Details of the Top-Up Offers
The ambitious goal for the Albion VCTs is to aggregate up to £60 million, alongside an additional over-allotment facility of £30 million, prior to any issue costs. These top-up offers represent a strategic chance for investors to contribute to the companies' growth in a significant way.
Fundraising Breakdown
Here’s a closer look at how the fundraising is structured:
Albion Crown VCT PLC
Amount to be raised: £20 million
Over-allotment facility: £10 million
Albion Enterprise VCT PLC
Amount to be raised: £20 million
Over-allotment facility: £10 million
Albion Technology & General VCT PLC
Amount to be raised: £20 million
Over-allotment facility: £10 million
Any decision regarding the utilization of the over-allotment facility will depend on the discretion of each individual company's board during the appropriate time frame.
Availability of the Prospectus
In terms of accessibility, the complete details regarding these offers are scheduled to be included in a prospectus that will be published in October 2025. Investors and interested parties can find this valuable information on the Albion Capital Group LLP website as well as at the National Storage Mechanism. It's anticipated that the window for share applications under the offers will open in November 2025.
Contact Information
For anyone looking for more clarity or information about these upcoming offers, they can reach out to:
Vikash Hansrani
Operations Partner
Albion Capital Group LLP
Telephone: 020 7601 1850
Frequently Asked Questions
What are the Albion VCTs?
The Albion VCTs consist of three separate companies that focus on providing investment opportunities through venture capital trusts.
What is the aim of the prospectus top-up offers?
The aim is to raise up to £60 million for investment while also providing an opportunity for existing shareholders to further support the companies.
When can investors apply for shares?
Applications for shares under the new offers are expected to open in November 2025.
How much can each Albion VCT raise?
Each VCT aims to raise £20 million, with additional over-allotment facilities available for significant demand.
Who can I contact for more information?
Inquiries can be directed to Vikash Hansrani at Albion Capital Group LLP via the provided contact number.