Joint Announcement
Albion Venture Capital Trust plc
Albion Prime VCT plc
Proposed Merger Pursuant to a Scheme of Reconstruction under s110 of the Insolvency Act 1986
The boards of Albion Venture Capital Trust plc and Albion Prime VCT plc are pleased to announce that they have reached agreement in principle to merge the companies.
The merger is expected to achieve, amongst other things, cost savings and administration efficiency through the creation of a significantly enlarged VCT to provide benefits for all shareholders. The proposed merger will be subject to approval by shareholders of both companies.
020 7601 1850