Albion Enterprise VCT PLC
Launch of the Albion VCTs Top Up Offers 2013/2014
The Board is pleased to announce the launch today of a top up offer (the 'Offer') for Albion Enterprise VCT PLC (the 'Company') as part of the Albion VCTs Top Up Offers 2013/2014.
As the maximum amount that can be raised under the Offer (over any 12 month period) will not exceed the lower of 10% of issued share capital and 5m Euros, the Company is not required to publish a full prospectus under the Prospectus Rules or the Financial Services and Markets Act 2000.
In total, six of the VCTs managed by Albion Ventures LLP are making top up offers seeking to raise up to £15m in aggregate (the 'Offers').
The proceeds of the Offers will be used to provide useful additional liquidity for the Companies in order to take advantage of appropriate investment opportunities that fall within current VCT legislation, as well as helping fund the Company's annual running costs, market purchases of own shares and the payment of dividends.
The Offers will be split into 3 separate phases. The first phase will close on or before 2pm on 31 January 2014. The second phase will close at 2pm on 5 April 2014 (for the tax year ending 5 April 2014) and the third phase will close at 2pm on 13 June 2014 for the tax year ending 5 April 2015, unless fully subscribed, closed or extended beforehand. Investors who apply before 31 January 2014 will be entitled to an "Early Bird" discount on the issue price.
The Promoter for the Offers is
RAM Capital Partners LLP
10 Furnival Street
London
EC4A 1YH
Tel: 0203 006 7530
Email: taxsolutions@ramcapital.co.uk
The Receiving Agent for the Offers is
Albion Ventures LLP
1 King's Arms Yard
London
EC2R 7AF
Telephone: 0808 178 1680
Email: info@albion-ventures.co.uk
The Investor Guide, Offer Document and Application Procedure and Application Form, which are attached below, can be found on the website www.albion-ventures.co.uk, and will also be filed at the National Storage mechanism.
Copies of the Investor Guide, Offer Document and Application Procedure and Application Form can also be obtained free of charge from:
Albion Ventures LLP
1 King's Arms Yard
London
EC2R 7AF
Telephone: 0808 178 1680
Email: info@albion-ventures.co.uk
6 November 2013
Contact
Patrick Reeve, Albion Ventures LLP 0207 601 1850