
Albion Crown VCT PLC
Albion Venture Capital Trust VCT has now merged into Albion Crown VCT. To access all the details click below
Key Highlights
Dividends paid and recently
declared since launch:
Ordinary shares
71.38p
NAV* (unaudited) at 31 March 2025:
Ordinary shares
30.57p
Total Return:
Ordinary shares
101.95p
Dividends paid and recently
declared since launch**:
C shares
196.65p
NAV* (unaudited) at 31 March 2025:
C shares
42.07p
Total Return**:
C shares
238.72p
Last dividend paid (ordinary shares)
30/04/2025
0.78p
Last dividend paid (C shares)
30/04/2025
1.08p
*Where applicable, Net Asset Value is reduced by dividend declared.
**Includes dividends paid to the historic Albion Venture Capital Trust PLC ordinary shares since inception that merged into the new class of C shares in Albion Crown VCT PLC.
The London Stock Exchange code for the VCT is CRWN
Performance Data - Ordinary shares
The diagram above shows the one year, three year, five year and ten year total return to Ordinary shareholders. This return comprises dividends paid and the change in net asset value over the relevant periods to 31 March 2025.
Performance Data - C shares*
The diagram above shows the one year, three year, five year and ten year total return to C shareholders. This return comprises dividends paid and the change in net asset value over the relevant periods to 31 March 2025. * The C shares performance data above includes the historic Albion Venture Capital Trust PLC ordinary shares performance, up to the merger into the new class of C shares in Albion Crown VCT PLC on 19 December 2024.
Net asset value per share and total shareholder value - Ordinary shares
The chart above illustrates the movement in net asset value per share plus cumulative dividends paid in the past ten years to 31 March 2025. * Period to 31 March 2025
Net asset value per share and total shareholder value - C shares*
The chart above illustrates the movement in net asset value per share plus cumulative dividends paid in the past ten years to 31 March 2025. * The C shares performance data above includes the historic Albion Venture Capital Trust PLC ordinary shares performance, up to the merger into the new class of C shares in Albion Crown VCT PLC on 19 December 2024. ** Period up to merger on 19 December 2024 *** Period to 31 March 2025
Percentage movement in shareholder value in the year - Ordinary shares
2020 | 2021 | 2022 | 2023 | 2024 | 2025* |
---|---|---|---|---|---|
(0.4%) | 15.9% | 6.1% | 3.1% | 2.1% | (0.1%) |
The figures in the table above represent the percentage movement in Ordinary shareholder value on opening NAV over the past five years. The Company has delivered an average increase in Ordinary shareholder value on opening NAV of 5.3% per annum over the past five year ends.
* Period to 31 March 2025
Percentage movement in shareholder value in the year - C shares*
2022 | 2023 | 2024 | 2024** | 2025*** |
---|---|---|---|---|
7.6% | 0.3% | (6.9%) | (4.4%) | 3.1% |
The figures in the table above represent the percentage movement in C shareholder value on opening NAV over the past five years.
* The C shares performance data above includes the historic Albion Venture Capital Trust PLC ordinary shares performance, up to the merger into the new class of C shares in Albion Crown VCT PLC on 19 December 2024.
** Period up to merger on 19 December 2024
*** Period to 31 March 2025
Financials

Annual Report

Half-yearly Financial Report
AGM
Board of Directors

Ann Berresford
Director

Ann Berresford
Director
Ann Berresford BSc (Hons), ACA (appointed 8 November 2017) is a chartered accountant with a background in the financial services and energy sectors. She holds a degree in Organic Chemistry and trained as an accountant with Grant Thornton. After a period in audit, she moved into industry and spent over 20 years working in financial management and treasury roles, initially with Clyde Petroleum plc and then with the Bank of Ireland Group. Since 2006, she has had a number of non-executive roles, including positions at Bath Building Society, the Pensions Protection Fund, Triodos Renewables plc, Hyperion Insurance Group and the Pensions Regulator. She is currently a non-executive director of Secure Trust Bank plc.

Ian Spence
Director

Ian Spence
Director
Ian Spence (appointed 1 May 2020), is highly experienced in the technology sector, having researched and advised companies in this industry over 25 years. He began his career as a journalist at the Investors Chronicle before moving into investment banking where, over the next 13 years working for Granville, Robert W Baird, Bridgewell and Altium, he developed a specialisation as a highly-regarded technology analyst. During this time, he was twice voted TechMARK Analyst of the Year. In 2007, he founded Megabuyte, which has grown to be one of the most respected and widely read sources of financial and corporate intelligence in the European technology sector. He is chairman of the company and has an extensive network across the European technology sector and beyond.

Pam Garside
Director

Pam Garside
Director
Pam Garside (appointed 1 March 2019), s an experienced healthcare investor, expert in digital health and an adviser to government, NHS and private sector organisations in the UK and US. She is a Fellow of the Judge Business School at the University of Cambridge and a member of the investment committee of Cambridge Enterprise, the technology transfer company of the University. She is chairman of Cambridge Angels, a board member of several other healthcare companies and co-chair of the Cambridge Health Network.

Richard Glover
Chairman

Richard Glover
Chairman
Richard Glover, (Chairman) (appointed 8 November 2017) spent 15 years in industrial relations and HR management roles in the 1970s and 1980s first with ICI and then with Grand Metropolitan. Since 1990 he has been involved with two private equity backed businesses in the service sector: first, in 1990 the British School of Motoring (BSM), where, as MD and later CEO, he took the company through flotation and then sale to RAC; and in 2000, the accountancy training company ATC International, where he became the majority shareholder in 2003, running the business in Eastern Europe until it was sold in 2011. He has also held a number of non-executive director positions in the service sector and remains extensively involved with the Worshipful Company of Haberdashers and its education activities.

Richard Wilson
Director

Richard Wilson
Director
Richard Wilson, (appointed 1 May 2020) is highly experienced in the asset management sector and was CEO of BMO Global Asset Management and previously CEO of F&C Asset Management plc, where he led the company’s acquisition by BMO Financial Group and subsequent integration into BMO Global Asset Management. He began his asset management career in 1988 as a U.K. equity manager with HSBC Asset Management (formerly Midland Montagu). He then joined Deutsche Asset Management (formerly Morgan Grenfell), where he rose to managing director, global equities. From Deutsche, he moved to Gartmore Investment Management in 2003 as head of international equity investments before joining F&C in 2004. He is an independent non-executive director of Insight Investment Management.
Portfolio highlights
Dividends
We operate a variable dividend policy which targets an annual dividend yield of around 5% of the prevailing net asset value, paid bi-annually.
The Albion VCTs operate Dividend Re-investment Schemes. Investors who would prefer a capital growth option can re-invest their dividends to obtain more shares in the VCTs.
Any amounts reinvested are eligible for income tax relief of 30%, subject to the investor’s tax position.
Investors wishing to take advantage of this opportunity should read the dividend reinvestment schemes T&C below.
Shareholders who are in the dividend reinvestment scheme but want to receive dividend as cash can amend their income option via Investor Centre.
Shareholders can also amend their income option by completing a Payment of Interest form, found below, and send directly to Computershare.
If the shareholder choses to amend their income option via the Payment of Interest form, Computershare will also require a written confirmation from the shareholder to be fully removed from the scheme

Dividend Reinvestment Application Form



Corporate Governance
Inside Information Announcements
16 August 2024 13:30 – NAV Update
24 July 2024 13:04 – Merger Discussions
12 March 2024 15:30 – Portfolio and NAV Update
2 March 2023 18:00 – Portfolio and NAV Update
21 June 2021 12:15 – Portfolio and NAV Update
3 August 2021 11:00 – NAV Update
Nomination Committee terms of reference
Remuneration Committee terms of reference
Audit and Risk Committee terms of reference
Report Archive
Additional Information
Dividend Reinvestment Scheme
Shareholders who want to receive dividend as cash and decide not to amend their income option via Investor Centre (the online portal) must complete a payment of interest form and send directly to Computershare.
If the shareholder is in the dividend reinvestment scheme, Computershare will also require a written confirmation from the shareholder to be fully removed from the scheme.
Contact
Computershare Investor Services PLC can be contacted at their Investor Centre on +44 (0)370 873 5860 (Calls are charged at no more than your current providers national call rate and calls may be recorded. Lines are open Monday – Friday, 8:30am – 5:30pm).
Alternatively you can visit their website www.computershare.com/uk.
