Statement regarding the proposed issue of a pro...

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

Statement regarding the proposed issue of a prospectus for the Albion VCTs Top Up Offers 2016/2017

The Board is pleased to announce that, subject to obtaining the requisite regulatory approval, it intends to launch a prospectus offer of new ordinary shares for subscription in the 2016/2017 and 2017/2018 tax years (the "Offer").  The Offer will form part of top up offers for the six VCTs managed by Albion Ventures LLP seeking to raise, in aggregate, up to £24m.

Full details of the Offer will be contained in a prospectus that is expected to be published on or around 29 November 2016 and will be available on the Albion Ventures LLP website (www.albion-ventures.co.uk). The Offer is expected to close on 29 September 2017 unless fully subscribed or closed earlier.

---

This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
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