Albion Capital plans to raise £45mln from VCT top-up offers
- On December 9, 2020
- By Chris Gosling
There will be an allowance for a potential over-allotment facility for a further £3mln for each of the trusts
Albion Capital Group is intending to raise a total of up to £45mln with proposed top-up offers for five of its venture capital trusts.
Prospectuses will soon be launched to raise £7mln for Albion Development VCT PLC, £6mln for Albion Enterprise VCT, £14mln for Albion Technology & General VCT, £6mln for Crown Place VCT and £12mln for Kings Arms Yard VCT, with issues of new ordinary shares for subscription in the 2020/2021 and 2021/2022 tax years.
On top of that, there will be an allowance for a potential over-allotment facility for a further £3mln for each of its VCTs, the investment manager said.
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