Closure of the Company's Offer under the Albion...

ALBION DEVELOPMENT VCT PLC

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CLOSURE OF THE COMPANY'S OFFER UNDER THE ALBION VCTS PROSPECTUS TOP UP OFFERS 2017/18 ("Albion VCT Offers")

The Board of Albion Development VCT PLC (the "Company") is pleased to announce that it has reached its £6m limit under its offer for subscription pursuant to the Prospectus dated 5 September 2017 ("Offer"), which as of today is fully subscribed and has now closed.

Allotments in respect of valid applications received prior to the Offer closing are expected to take place on 28 March 2018, for applications in respect of the current tax year, and on 11 April 2018 for applications in respect of the 2018/2019 tax year. Dealing in such shares will commence within 3 business days following allotment.

Two of the companies participating in the Albion VCT Offers remain open and valid applications for shares in the Company received subsequent to the Offer closing will be dealt with in accordance with prospective investors' instructions on their application forms.

26 February 2018

For further information, please contact
Albion Capital Group 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: Albion Development VCT PLC - Ordinary Shares via Globenewswire