Current Offers

ALBION VCTS PROSPECTUS TOP UP OFFERS 2020/2021 ARE NOW OPEN

Offers for Subscription to raise, in aggregate, up to £48 million*

*together with an over-allotment facility of a further £3 million per VCT by Board approval. This total includes £3 million over-allotment for Albion Enterprise VCT PLC which has already been approved.

At the close of business on 23 January £26.8 million has been raised

PLEASE NOTE THE EARLY BIRD OFFER IS NOW CLOSED

The Early Bird Offer closed on 10 January 2021 following receipt of applications in excess of the £10m cap. Standard terms now apply.

KEY FEATURES OF THE OFFERS:

•    Investment into an existing balanced portfolio of c.70 businesses with a net asset value of £377 million
•    Experienced manager with a strong track record and specialist depth
•    Investment strategy focussing on growth and technology
•    Up-front income tax relief at 30%
•    Target monthly tax-free income yield of around 5% p.a. (7.1% p.a. net of up-front tax relief)
•    Dividend re-investment scheme provides a 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.

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                 FOR ONLINE APPLICATION CLICK ON THE BUTTON BELOW

 

ONLINE APPLICATION

 

PLEASE NOTE - PAYMENT DETAILS CAN BE FOUND ON PAGE 13 OF THE SECURITIES NOTE WHICH IS IN THE OFFERS DOCUMENTS PANEL ON THE TOP RIGHT HAND OF THIS PAGE

For those who are unable to complete the online application form there is an application form in the panel on the right which can be completed online or downloaded, completed, scanned and emailed to topup@albion.capital.

Subscription monies must be paid electronically. As we are adhering to Government guidelines and to ensure the safety of our team during the COVID-19 pandemic we are operating remotely. 

WE WILL NOT BE ACCEPTING ANY APPLICATIONS OR CHEQUES BY POST DURING THIS FUNDRAISING.

As an incentive, Albion Capital will donate £1 to charity for every online application received. The two chosen charities are Whizz-Kidz (www.whizz-kidz.org.uk) and Generating Genius (generatinggenius.org.uk). 

We are also keen to encourage Shareholders to receive communications electronically and investors who subscribe will be deemed to consent to electronic communication unless the box on the Application Form requesting hard copy documentation is ticked.
For more information contact topup@albion.capital or ring 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 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.

I confirm that I have read and understood the risks associated with a VCT investment

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