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Albion Development VCT's NAV rises

By BFN News | 02:59 PM | Thursday 25 May, 2017

Albion Development VCT has reported that its unaudited net asset value (NAV) as at 31 March 2017 was £50.1m or 74p per share (excluding treasury shares), an increase of 3.3p per share, or 4.7%, since 31 December 2016. After accounting for the dividend of 2p per share, to be paid on 31 May 2017 to shareholders on the register on 5 May 2017, the NAV is 72p per share. In addition, the Company said that during the period from 1 January 2017 to 31 March 2017, it purchased 84,000 Ordinary shares for £56k at an average price of 66.7p. It is the Board's intention for such buy-backs to be at around a 5% discount to net asset value, so far as market conditions and liquidity permit. At 2:59pm: (LON:AADV) Albion Development Vct Plc share price was 0p at 67.5p Story provided by

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