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LONDON - Albion Enterprise VCT PLC, Albion Technology & General VCT PLC, and Albion Crown VCT PLC announced Thursday they will launch offers for subscription to raise up to £60 million in aggregate, with an additional £30 million available through over-allotment facilities.
According to a press release, each of the three venture capital trusts (VCTs) aims to raise £20 million, with each having an over-allotment facility of up to an additional £10 million.
The offers will open on November 3, 2025, and are expected to close by April 2, 2026, unless fully subscribed earlier or previously closed.
Albion Capital Group LLP, the investment manager for all three VCTs, will receive a fee of 3 percent of the gross proceeds and will cover the costs of the offers from this fee.
The companies have published a prospectus comprising a Securities Note, Registration Document, and Summary detailing the subscription offers. The prospectus will be available for download from the Albion Capital website and has been submitted to the National Storage Mechanism in accordance with UK Listing Rules.
Each company’s board of directors has confirmed that the fee arrangement with Albion Capital Group, which is considered a related party under UK Listing Rule 11.5.3R, is fair and reasonable for shareholders. Howard Kennedy Corporate Services LLP, acting as sponsor, has provided written confirmation of this assessment.
The three Albion VCTs are listed on the London Stock Exchange and focus on investing in smaller UK-based companies.
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