Albion Development VCT PLC

ANNUAL GENERAL MEETING UPDATE

The AGM for Albion Development VCT PLC is due to be held on 9 June 2020.

Please see the below a document showing the updated arrangements for this AGM.

PDF icon Albion Development VCT PLC AGM Update.pdf

We regret that in light of recent Government mandatory measures in relation to social distancing to reduce the transmission of Coronavirus (Covid-19), shareholders are advised that they will not be able to attend the AGM in person. Shareholders who wish to register their votes on the resolutions to be put to the AGM are urged to submit a proxy prior to the meeting. The Board has decided to live stream the AGM (in the form of a webinar), which will include a presentation from the Manager. Details on how to join the webinar can be found in the PDF above.

Albion Development VCT PLC is a venture capital trust which raised a total of £33.3 million through the issue of Ordinary shares between 1999 and 2004 (the C shares merged with the Ordinary shares in 2007) and a further £6.3 million was raised through the issue of D shares in 2010. The D shares converted to ordinary shares on 31 March 2015.

The Company’s investment policy is intended to provide investors with a regular and predicable source of dividend income combined with the prospects of long term capital growth. This is achieved by establishing a diversified portfolio of holdings in smaller, unquoted companies whilst at the same time selecting and structuring investments in such a way as to reduce the risks normally associated with investment in such companies.

Dividends paid and recently declared since launch:
102.50p
92.17p
54.06p
NAV* at 31 March 2020:
75.41p
80.80p
112.93p
Total Return:
177.91p
172.97p
166.99p
*Where applicable, Net Asset Value is reduced by dividend declared
Financial calendar:
2.25p per share
AADV

Contact

Computershare Investor Services PLC can be contacted at their Investor Centre on +44 (0)870 873 5853 (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 by clicking the "registrar" link.

Registered in England, No 03654040
Registered office: 1 Benjamin Street, London, EC1M 5QL
Member of The Association of Investment Companies