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LONDON - Albion Crown VCT PLC, Albion Enterprise VCT PLC and Albion Technology & General VCT PLC announced their intention to launch prospectus top up offers of new ordinary shares for subscription in the 2025/2026 tax year, according to a statement released by the companies.
The three Albion VCTs collectively aim to raise up to £60 million, with over-allotment facilities that could add up to a further £30 million in aggregate, before issue costs.
Each of the three venture capital trusts plans to raise £20 million initially, with each having an additional £10 million over-allotment facility. The boards of the individual companies will decide whether to utilize these over-allotment options.
The companies stated that full details of the offers will be contained in a prospectus expected to be published in October 2025. Applications for shares under the offers are anticipated to open in November 2025.
The prospectus will be made available on the Albion Capital Group LLP website and at the National Storage Mechanism once regulatory approval is obtained.
This announcement comes as venture capital trusts continue to be a vehicle for investors seeking tax-efficient exposure to early-stage companies in the UK.
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