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Tuesday, 12 September 2017

Offer Update

     

Published: 09:34 CEST 12-09-2017 /GlobeNewswire /Source: Albion Venture Capital Trust PLC / : AAVC /ISIN: GB0002039625

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.

 

Enquiries:

 

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 (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of NASDAQ OMX Corporate Solutions clients. Source: Albion Venture Capital Trust PLC, 10 Crown Place, London EC2A 4FT, United Kingdom
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