Albion Technology Closes Subscription Offer, Sets Future Plans

Author: Evelyn Baker Updated: 03-31-2025 07:00 AM

Closure of Subscription Offer by Albion Technology

Albion Technology & General VCT PLC has successfully closed its offer for subscription under the Albion VCTs Prospectus Top Up Offers for 2024/2025. The Board is thrilled to announce that the Company has reached its target limit of £30 million, aided by an over-allotment facility of £10 million that has been fully exercised. This achievement underscores the strong interest from investors and reflects the confidence in Albion's investment strategy.

As applications were received and validated, the Offer is now fully subscribed, ceasing to accept further applications. The second and final allotments for the valid applications will occur on 4 April next year, marking an important date for the investors participating in the 2024/2025 tax year.

Upcoming Share Admission to the Stock Exchange

In the next phase of this process, an application will be submitted for shares to be incorporated into the Official List maintained by the Financial Conduct Authority. Additionally, investors can look forward to trading these shares on the London Stock Exchange's platform, with dealings expected to begin around 8 April 2025.

This significant transition amplifies Albion Technology's commitment to transparency and investment growth, providing stakeholders and investors with a structured and reliable trading environment.

Availability of the Prospectus

For those interested in reviewing the details of the Offers, a downloadable version of the Prospectus is available on the company’s website. Copies of the Prospectus can also be obtained free of charge from Albion Technology's registered office. This ensures that potential and current investors are informed of all pertinent details regarding their investments.

By prioritizing clear communication and accessibility, Albion Technology reiterates its dedication to maintaining strong investor relations and trust.

Contact Information

For more information or inquiries, interested parties can reach out to Vikash Hansrani, the Operations Partner at Albion Capital Group LLP. With a dedicated line, Vikash is available to assist with any questions regarding this Offer and future prospects.

Frequently Asked Questions

What is the total amount raised in the subscription offer?

The subscription offer raised a total of £30 million, including the over-allotment facility.

When will the shares begin trading on the London Stock Exchange?

Shares are expected to commence trading on or around 8 April 2025.

How can I access the Prospectus?

The Prospectus can be downloaded from Albion's official website or requested for free from their registered office.

Who can I contact for more information?

For further information, you can contact Vikash Hansrani at Albion Capital Group LLP.

What does the successful closure of the offer signify?

The successful closure indicates strong investor interest and confidence in Albion Technology's strategic direction.

About The Author

Greetings, I'm 32-year-old author and financial specialist Evelyn Baker. My introduction into the financial industry started with an economics degree and continued with a wealth of experience in wealth management and financial consulting. My great passion over the years has been assisting people and companies in making wise, well-informed decisions to reach their financial objectives.

My goal with writing is to simplify difficult financial ideas into understandable, doable guidance. My goal in writing many books and articles is to make personal finance understandable to everyone, irrespective of their experience or background. I want to give readers the information they need to take charge of their financial futures, from investing and retirement planning to budgeting and saving.

Along with my writing, I lead webinars and workshops where I provide doable advice and methods for achieving financial success. To reach a larger audience, I also frequently contribute to financial blogs and publications. My method is always to offer doable, real-world guidance that can actually improve people's lives.

Aside from my job, I like to cook, travel, and experience other cultures. I work hard to apply my belief in the value of a balanced life to my financial counsel. My goal in working is to encourage and enable people to succeed financially so they may lead the best lives possible.

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