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LONDON - Albion Crown VCT PLC, Albion Enterprise VCT PLC, and Albion Technology & General VCT PLC announced Friday their intention to launch prospectus top up offers of new ordinary shares for the 2025/2026 tax year, pending regulatory approval.
The three venture capital trusts collectively aim to raise up to £60 million initially, with additional over-allotment facilities of up to £30 million. Each VCT plans to raise £20 million with a potential £10 million over-allotment facility.
The decision to utilize the over-allotment options will remain at the discretion of each company’s board of directors.
According to the statement, full details of the offers will be available in a prospectus expected to be published in October 2025 on the Albion Capital Group LLP website and through the National Storage Mechanism.
Applications for the new shares are expected to open in November 2025.
The announcement comes as venture capital trusts continue to serve as investment vehicles that provide tax incentives to investors while supporting smaller UK businesses.
This information is based on a press release statement from the companies.
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