Albion Crown VCT PLC Completes Successful Subscription Campaign

Author: Owen Jenkins Updated: 03-31-2025 10:32 AM

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.

About The Author

Hi there I'm 38-year-old author and financial consultant Owen Jenkins. Having worked in the financial sector for more than ten years, I am well-versed in the subtleties and complexity that mold our financial environment. Following a degree in finance, I worked in a number of financial institutions honing my abilities in market analysis, financial planning, and investment strategies.

My love is teaching others about investing and personal finance. My goal in writing many books and articles has been to demystify financial ideas and give readers the information they need to make wise financial decisions. I write with a direct, useful style that emphasizes doable suggestions for daily living.

Along with writing, I lead webinars and seminars where I impart knowledge on how to successfully negotiate the financial world. I also write for financial journals and show up as a guest expert on financial news programs a lot. Whether they are new to investing or want to improve their approach, my mission is to enable people to take charge of their financial futures.

Beyond work, I like to hike, play the guitar, and spend time with my family. I think that balance is crucial and want to encourage people to strike a balance between their financial aspirations and their hobbies. I want to help people succeed and achieve financial security through my work, so having a good influence.

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