Albion Venture Capital Trust PLC
The first allotment of New Ordinary Shares of nominal value 50 pence per share
in Albion Venture Capital Trust PLC under the Albion VCTs Linked Top Up Offer
(which was launched on 1 November 2010) (the "Offer") took place on 7 January
2011 at an issue price of 82.9 pence per New Ordinary Share.
Applications for 789,262 New Ordinary Shares in Albion Venture Capital Trust VCT
PLC were received, including those applications received within the first £2.5m
subscribed under the Offer, which are entitled to an additional 1% of the value
subscribed, in New Ordinary Shares. The cost of this additional 1% New Ordinary
Shares is being borne by the Manager, Albion Ventures LLP.
The net proceeds of the Offer to date to Albion Venture Capital Trust PLC are
approximately £604,000. The Offer will remain open until 12 noon on 5 April
2011 unless fully subscribed and closed earlier.
Application has been made to the Financial Services Authority for 789,262 New
Ordinary Shares to be admitted to the Official List and to the London Stock
Exchange for the New Ordinary Shares to be admitted to trading on the London
Stock Exchange's market for listed securities.
It is expected that Admission will become effective, and that dealings in the
shares will commence on or before, 8.00 a.m. on 14 January 2011.
As at the first closing of the Albion VCTs Linked Top Up Offer on 7 January
2011, applications (across all seven of the Albion VCTs) totalling £4,261,500
were received, and will be met in full.
Further details of the Albion VCTs Linked Top Up Offer (including the Investor
Guide and Offer Document issued on 1 November 2010) can be found at www.albion-
ventures.co.uk.
For further information, please contact:
Patrick Reeve 020 7601 1850
Albion Ventures LLP
10 January 2011
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Albion Venture Capital Trust PLC via Thomson Reuters ONE
[HUG#1478425]
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