World News: 11:41 GMT Thursday 30th May 2019. [Albion Development VCT PLC - Ordinary Shares via Globe Newswire via SPi World News]
I announce with great sadness that the Company’s longest serving director and Chairman, Geoffrey Vero, passed away on Sunday 19 May 2019. Geoffrey’s good humour and wise counsel, over many years, will be sorely missed. Our thoughts and condolences are with his family at this difficult time.
After accounting for the first dividend for the year ending 31 December 2019 of 2.25 pence per share (2018: first dividend of 2.0 pence per share) to be paid on 31 May 2019 to shareholders on the register on 3 May 2019, the NAV is 83.91 pence per share.
A full breakdown of the Company’s portfolio can be found on the Company’s webpage on the Manager’s website at , by following the ‘Portfolio of Investments’ link under the ‘Fund reports’ section.
It remains the Board’s policy to buy back shares in the market, subject to the overall constraint that such purchases are in the Company’s interest, including the maintenance of sufficient resources for investment in existing and new portfolio companies and the continued payment of dividends to shareholders.
It is the Board’s intention for such buy-backs to be at around a 5 per cent. discount to the most recently announced net asset value, so far as market conditions and liquidity permit.
The following new Ordinary shares of nominal value 1 penny per share were allotted under the Albion VCTs prospectus Top Up Offers 2018/19 after 31 March 2019:
Further information regarding historic and current financial performance and other useful shareholder information can be found on the Company’s webpage on the Manager’s website under .
Ben Larkin, Director
30 May 2019For further information please contact:Albion Capital Group LLP – Tel: 020 7601 1850
Globe Newswire: 11:41 GMT Thursday 30th May 2019
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