Current Offers

The Albion VCTs Prospectus Top Up Offers 2017/18 

Second Allotment - 31 January 2018

All applications for the Offers that are received before 2:00pm on 31 January will be included in the second allotment of the 2017/18 Offers.

 

The Offers are now open for investment in the 2017/18 and 2018/19 tax years 

The Albion VCTs Top Up Offers 2017/18 will now comprise five VCTs rather than six following the suspension of Albion Venture Capital Trust’s offer - for further details see press release on the News page

 

We are delighted to offer investors this further opportunity to acquire new shares in five Albion VCTs.

Key Features

  • Investment into an existing, portfolio - Investors gain immediate exposure to the diversified portfolio of around 60 businesses
  • Experienced manager with strong track record - The investment executives have backgrounds in healthcare, media, accountancy, investment banking, strategy and management consulting and are hands-on investors. Our policy is generally for investment executives to sit on the boards of our portfolio companies.
  • Target tax-free income of around 5.4 per cent per annum* - It is expected that investors who invest an equal amount across the five VCTs will receive a target dividend yield of around 5.4 per cent per annum (around 7.7 per cent on net cost after tax relief).*
  • Thematic investment strategy - Achieved by investing in a portfolio of companies in a range of sectors with current focu on digital healthcare, automation, digital security and data analytics.
  • Compound capital growth option - The VCTs operate a dividend reinvestment scheme; shareholders can reinvest their dividends in new shares, without dealing costs, with 30 per cent income tax relief on the reinvested dividend.
  • Tax relief at 30 per cent - For the current tax year to 5 April 2018, eligible investors can receive:

                - 30 per cent income tax relief on the initial amount invested;

                - Tax-free dividends; and

                - Tax-free capital gains on the VCT shares.

*based on the latest announced net assets values and current annual dividend targets for the Albion VCTs as at the date of the Prospectus, and an equal investment across all five VCTs.

Details of the Offers

Amounts subscribed will be invested equally across each of the five Albion VCTS or otherwise as directed by investors, subject to a minimum subscription of £1,000 for each VCT.

Minimum Investment - £6,000 in aggregate per investor and applications should be multiples of £1,000.

Maximum Investment - £200,000 per investor in VCTs, in total, for the current tax year.

Initial Charge - 2.5 per cent of the amount subscribed.

Annual Costs - Total running cost cap of 3 per cent (including average management fee of 2.2 per cent). Any excess will be borne by the Manager through a reduction in its management fee.

Further information regarding the management of the VCTs is set out in the Prospectus (comprising a Securities Note, Registration Document and Summary) in the panel to the right.

Key Information Documents

There is a separate Key Information Document for each VCT available on each VCT's section of the website under 'Other Regulatory Disclosures'.

The Allenbridge Review 2017

The Allenbridge Review is now available. Please email Stuart Mant or India Cornett for more information. 

The Early Bird Offer is now CLOSED*

* The Early Bird Offer, which offered a reduction in Offer costs, was restricted to the first £10 million raised which has now been exceeded.

For more information please contact:

Stuart Mant, Head of Business Development

E: smant@albion.capital

T: 020 7601 1850

RISK WARNING

The information on these pages relating to VCTs managed by Albion Capital Group LLP (Albion) is directed at United Kingdom residents only. Shares in venture capital trusts ("VCTs") referred to on this website will not be offered to non-residents. No reliance is to be placed on the information contained on this website in making an application to subscribe for shares in VCTs managed by Albion.

Any such application may only be made on the basis of the relevant prospectus and/or offer document, which can be downloaded from this website or obtained from: Albion Capital Group LLP, 1 King’s Arms Yard, London EC (0207 601 1870). Prospective investors should ensure that they read the risk warnings set out in the prospectus and/or offer document. Albion does not provide financial advice and nothing on these web pages should be construed as investment or tax advice. An investment in a VCT should be considered a long-term investment and the tax treatment depends on the individual circumstances of each investor and may be subject to change in the future.

Under current legislation shares must be held for a minimum of five years for maximum tax benefits and may be affected by future legislation. If certain criteria are not met, for example if the investment is not held for five years or if the VCT does not invest 70% of its funds in qualifying investments, the tax breaks will be withdrawn and you may be required to repay any tax relief which you have received upfront. No VCT can guarantee that its investors will qualify for tax relief. You should not invest in a VCT simply for the tax benefits.The market price of VCT shares may not reflect the full underlying net asset value ("NAV") of shares and shareholders may have difficulty in selling their shares and any sale is likely to be at a discount to the NAV. Potential investors in VCTs managed by Albion should consult their financial advisers.

The value of shares in a VCT and the income from them may fluctuate and investors may not get back the amount they invested. The market price of VCT shares is unlikely fully to reflect their underlying net asset value. It is possible that there may not be a liquid market in the shares of VCTs and shareholders may have difficulty in selling their shares. Any sale is likely to be at a discount to net asset value. VCTs invest in a portfolio of small companies, which by their nature carry greater risk than larger, quoted companies. The tax reliefs available to investors in a VCT are dependent on it maintaining HM Revenue & Customs approval. A failure to meet the qualifying requirements could result in adverse tax consequences to investors, including a requirement to repay the income tax relief obtained. Investors must retain their VCT shares for the minimum period required to retain their initial tax relief. The tax rules and regulations governing VCTs are subject to change. The past performance of Albion Capital Group LLP as a fund manager is no guide to the future performance of its VCTs.

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Downloads

Supplementary Prospectus 21122017
Supplementary Prospectus re proposed changes to VCT rules
PDF icon Download PDF (460.66 KB)
Prospectus Covering Letter
Prospectus Covering Letter
PDF icon Download PDF (397.63 KB)
Summary Document
Summary Document
PDF icon Download PDF (1.44 MB)
Securities Note
Securities Note
PDF icon Download PDF (1.77 MB)
Application Form
Application Form
PDF icon Download PDF (41.95 KB)
Registration Document
Registration Document
PDF icon Download PDF (1.81 MB)
Reasons Why Letter
Reasons Why Letter
PDF icon Download PDF (600.03 KB)
Supplementary Prospectus re Crown Place VCT PLC
Supplementary Prospectus re Crown Place VCT PLC
PDF icon Download PDF (662.29 KB)