Crown Place VCT PLC Closure Of The Company's Offer
02 März 2022 - 1:30PM
UK Regulatory
TIDMCRWN
Crown Place VCT PLC
LEI Code 213800SYIQPA3L3T1Q68
Closure of the Company's offer under the Albion VCTs Prospectus
Top Up Offers 2021/2022 ("Albion VCT Offers")
The Board of Crown Place VCT PLC (the "Company") is pleased to
announce that it has reached its GBP12 million limit (inclusive of
the GBP5 million over-allotment facility exercised) under its offer
for subscription pursuant to the Prospectus issued on 6 January
2022 ("Offer") by the Company and the other Albion VCTs, which as
of today is fully subscribed for the Company and has now closed to
further valid applications.
The next allotments in respect of valid applications received
prior to the Offer closing are expected to take place on 31 March
2022, for applications in respect of the current tax year, and on
13 April 2022 for applications in respect of the 2022/2023 tax
year. Dealing in such shares is expected to commence within 3
business days following allotment.
Albion Development VCT PLC, Albion Enterprise VCT PLC and Albion
Technology & General VCT PLC remain open for valid
applications. As of 1 March 2022, the total amount raised across
the Albion VCTs under the Albion VCT Offers is GBP70 million.
The Albion VCT Offers opened on 6 January 2022 and are expected
to close no later than 30 September 2022 (unless fully subscribed
by an earlier date or previously closed).
A downloadable version of the Prospectus is available from
www.albion.capital. Copies of the Prospectus are available, free of
charge, from the Companies' registered office at 1 Benjamin Street,
London, EC1M 5QL.
Terms used in this announcement have the same meaning as defined
in the Prospectus.
Enquiries:
Will Fraser-Allen
Managing Partner, Albion Capital Group LLP
Investment Manager
Tel: 0207 601 1850
2 March 2022
(END) Dow Jones Newswires
March 02, 2022 07:30 ET (12:30 GMT)
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