Crown Place VCT PLC : Publication of Prospectus

29 November 2016

Albion Development VCT PLC, Albion Enterprise VCT PLC, Albion Technology & General VCT PLC, Albion Venture Capital Trust PLC, Crown Place VCT PLC and Kings Arms Yard VCT PLC

Albion VCTs Prospectus Top Up Offers 2016/2017

Albion Development VCT PLC, Albion Enterprise VCT PLC, Albion Technology & General VCT PLC, Albion Venture Capital Trust PLC, Crown Place VCT PLC and Kings Arms Yard VCT PLC (together, "the Companies") announce that they have published a Prospectus (comprising a Securities Note, Registration Document and Summary) in relation to offers for subscription for new Ordinary Shares in each of the Companies to raise, in aggregate, up to £24 million (before issue costs) (the "Offers"). In addition, there is an over-allotment facility of £2 million (before issue costs) in respect of each VCT.

The Offers open on 29 November 2016 and are expected to close no later than 29 September 2017 (unless fully subscribed by an earlier date or previously closed).

Each of the Companies has entered into an offer agreement relating to the Offers with the Companies' investment manager Albion Ventures LLP ("Albion"), pursuant to which Albion will receive a fee of 3 per cent. of the gross proceeds of the Offers and out of which Albion will pay the costs of the Offers, as detailed in the Prospectus.  Albion is a related party of each of the Companies under the Listing Rules, and therefore entering into the offer agreement is a transaction to which Listing Rule 11.1.10 applies.

A downloadable version of the Prospectus will be available from www.albion-ventures.co.uk.

Copies of the Prospectus are available, free of charge, from the Companies' registered office at 1 King's Arms Yard, London, EC2R 7AF.

In accordance with the Listing Rules, the Prospectus has been submitted to the National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/uk/NSM.

Enquiries:

For further information, please contact:

Patrick Reeve / Will Fraser-Allen

Albion Ventures LLP
Telephone: [phone]

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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Crown Place VCT PLC via Globenewswire