Albion VCTs launch £40 million share offer

Three Albion venture capital trusts have announced plans to launch a £40 million share offer, with the prospectus for the offering published on Monday. Albion Enterprise VCT PLC, Albion Technology & General VCT PLC, and Albion Crown VCT PLC will collectively seek to raise up to £40 million in aggregate through the issuance of new ordinary shares, with additional over-allotment facilities of up to £20 million available.

The offers will open on September 7, 2026, and are expected to close no later than April 2, 2027, unless fully subscribed earlier or closed beforehand. The investment manager, AlbionVC LLP, will receive a fee of 3% of the gross proceeds, which will be used to cover the costs of the offers.

Brief written by urgent.news from Investing.com's own syndicated text. Machine-written — may contain errors; check the original before relying on it.