Albion VCTs Prepare for Exciting New Share Offers Ahead
Exploring New Opportunities with Albion VCTs
Albion Crown VCT PLC, Albion Enterprise VCT PLC, and Albion Technology & General VCT PLC, collectively known as the Albion VCTs, are set to explore exciting new opportunities through their proposed issue of a prospectus for the upcoming top-up offers of ordinary shares.
Overview of the Upcoming Offers
The Companies are enthused to reveal plans, contingent on regulatory approvals, to launch a series of prospectus top-up offers targeted for the 2025/2026 tax year. These offers intend to raise a substantial amount of up to £60 million with the potential for an additional over-allotment facility of £30 million.
Details of the Fundraising Efforts
This fundraising initiative emphasizes the commitment of the Albion VCTs to bolster their financial position, creating more opportunities for investors looking to support promising ventures. The allocations planned for each company under the offers are:
Projected Fundraising Distribution
The breakdown of the fundraising amounts across the three entities reflects a well-structured approach towards capital generation:
Albion Crown VCT PLC
The target amount for Albion Crown VCT PLC is set at £20 million, complemented by a £10 million over-allotment facility, supporting their ambitious growth plans.
Albion Enterprise VCT PLC
Similarly, Albion Enterprise VCT PLC aims to raise £20 million, with an additional provision of £10 million for over-allotment, ensuring flexibility as market conditions evolve.
Albion Technology & General VCT PLC
Lastly, Albion Technology & General VCT PLC targets the same amounts of £20 million for the offer and £10 million for over-allotment, showcasing confidence in their business strategies.
Prospectus Availability and Subscription Details
Comprehensive details about these offers will soon be published within a prospectus, expected to be released on the Albion Capital Group LLP website. Prospective investors can look forward to this valuable document, anticipated in the near future to assist in informed decision-making.
When to Expect Share Applications
Share applications under these promising offers are scheduled to commence in November, providing an exciting opportunity for investors wishing to engage with the Albion VCTs.
Contact Information for Inquiries
For any further inquiries, interested parties are encouraged to 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 Albion Crown VCT PLC, Albion Enterprise VCT PLC, and Albion Technology & General VCT PLC, focusing on creating and supporting investments in various sectors.
What is the purpose of the new share offers?
The new share offers aim to raise capital to further enhance the investment potential and operational capacities of the Albion VCTs.
When will the prospectus for the offers be available?
The prospectus is expected to be made available in the near future on the Albion Capital Group LLP website.
How much capital do they intend to raise?
The Albion VCTs plan to raise up to £60 million, with an option for an additional £30 million in over-allotment.
How can I get more information about the offers?
For more information, investors can contact Vikash Hansrani at Albion Capital Group LLP via the provided telephone number.
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