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Albion Ven Cap Trust (AAVC)

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Tuesday 12 September, 2017

Albion Ven Cap Trust

Offer Update

Offer Update

12 September 2017

Albion Venture Capital Trust PLC

Albion Venture Capital Trust PLC Prospectus Top Up Offer 2017/2018

Albion Venture Capital Trust PLC, which invests solely in asset-based businesses, has decided to suspend its offer until it is clearer as to what categories of investment by VCTs will be permitted in the future.

This decision was made in light of ongoing discussions in respect of investment in asset-based businesses following publication in August 2017 by HM Treasury of the consultation document 'Financing growth in innovative firms'.

It is anticipated that changes arising out of the consultation are likely to be made in the Autumn Budget, which is expected in late November or early December.

The Prospectus Top Up Offers for the other five Albion VCTs, which have a broader investment policy to include growth and technology companies, remain open.


For further information, please contact:

Roland Cross
Four Broadgate
0203 697 4200
0783 140 1309      

LEI No 213800JKELS32V2OK421

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: Albion Venture Capital Trust PLC via Globenewswire

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