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LONDON - Albion Enterprise VCT PLC, Albion Technology & General VCT PLC, and Albion Crown VCT PLC announced Thursday plans to raise up to £60 million through offers for subscription of new Ordinary Shares, with potential for an additional £30 million through over-allotment facilities.
According to a press release statement, each of the three venture capital trusts aims to raise £20 million, with each having an additional £10 million over-allotment option. The offers will open on November 3, 2025, and are expected to close by April 2, 2026, unless fully subscribed earlier.
Albion Capital Group LLP, the investment manager for all three companies, will receive a 3 percent fee of the gross proceeds and will cover the costs of the offers from this amount.
The companies have published a Prospectus comprising a Securities Note, Registration Document and Summary detailing the subscription offers. The document will be available for download from Albion’s website and accessible through the National Storage Mechanism.
The boards of directors for each company have confirmed they consider the arrangement with Albion Capital Group, which is classified as a related party under UK Listing Rules, to be fair and reasonable for shareholders. Howard Kennedy Corporate Services LLP, acting as sponsor, has provided written confirmation of this assessment.
The three Albion venture capital trusts are identified by their LEI codes in the announcement: Albion Enterprise VCT PLC (213800OVSRDHRJBMO720), Albion Technology & General VCT PLC (213800TKJUY376H3KN16), and Albion Crown VCT PLC (213800SYIQPA3L3T1Q68).
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