Albion VCTs Prospectus Top Up Offers 2019/20 NOW OPEN

Invest across 5 Albion VCTs raising £34m

Before deciding to invest in the Companies, investors should read the Prospectus and related Application Form carefully, including the risk factors contained therein, and to consult their legal, accounting, business, investment, pension, tax or other adviser.

Key Features of the Offers

  • Experienced manager with strong track record
  • Thematic investment strategy
  • Investment into an existing balanced portfolio of around 70 businesses with an asset value of around £365m
  • Up-front income tax relief at 30%
  • Target monthly tax-free income yield of around 5.5% (7.8% p.a. net of upfront tax relief)
  • Dividend reinvestment scheme provides a compound capital growth option

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 Application must be a minimum of £5,000. This may be either across all five of the Offers, or a minimum investment in each VCT selected 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 Average annual running cost across the five Albion VCTs is 2.5 per cent, including an average annual management fee of 2.1 per cent. 

The Early Bird Offer is now closed

Any application made under the Offers must be based on the information provided in the Prospectus, being this Securities Note, the Summary and the Registration Document all dated 22 October 2019, and any Supplementary Prospectus, all available to download in the panel opposite.

The Albion VCTs’ combined portfolios have a current value of around £460 million*, diversified across approximately 70 businesses. The planned top up offers reflect Albion Capital’s confidence in an exciting pipeline of investment opportunities in sectors with long-term growth potential. Over the last five years the Albion VCTs have returned an average of 8.5% p.a.** excluding tax relief.

*As at 30 June 2019. **Performance of the VCTs over 5 years to 30 June 2019, being the cumulative return for the period comprising dividends paid and change in net asset value. This does not include tax relief.  Past performance is not a guide to future performance.

Please note, Albion Technology & General VCT (AATG) is not included in the offers due to a significant exit.

For further information please contact:

Stuart Mant,

Head of Business Development

E: info@albion.capital

T: 020 7601 1850

If you are not an existing shareholder (or have not opted-in to receive marketing updates) and would like to receive the securities note and other news from Albion Capital, please sign up using the form below.

Please note, all Shareholders will continue to receive a postal copy of their share certificates and income tax relief certificates. 

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Albion Capital Group LLP is authorised and regulated by the Financial Conduct Authority.

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 Benjamin Street, London EC1M 5QL (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

2019 Albion Securities Note
PDF icon Download PDF (1.63 MB)
2019 Albion Registration Document
PDF icon Download PDF (955.34 KB)
2019 Albion Summary
PDF icon Download PDF (1.54 MB)
2019-20 Albion Investment Guide
PDF icon Download PDF (574.43 KB)
2019 Albion 'Reasons Why' Letter
PDF icon Download PDF (77.07 KB)
2019 Albion Application Form
PDF icon Download PDF (107.3 KB)