Albion Development VCT PLC

 ANNUAL GENERAL MEETING UPDATE

The AGM for Albion Development VCT PLC was held on 9 June 2020.

Please see below the Q&A received from shareholders, a presentation from the Manager, and the final proxy vote results:

A)    Questions & Answers        PDF iconAADV Q&A AGM 9 June 2020

B)    Results presentation         Albion Capital AGM Meeting

C)    Proxy vote results             PDF iconAADV AGM Proxy Voting Results 9 June 2020.pdf

An additional Q&A document relating specifically to Covid-19 from the Manager can be found below:

PDF iconCOVID-19 Q&A

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
NAV* at 31 March 2020:
75.41p
Total Return:
177.91p
*Where applicable, Net Asset Value is reduced by dividend declared
Financial calendar:
2.25p per share
AADV

Further details regarding the total shareholder return for C Shares and D shares can be found under the 'Financial Summary for Previous Funds' section.

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