Albion Development VCT PLC
The Board of Albion Development VCT PLC announces a change in policy regarding the discount applied to the buying back of shares by the Company.
With immediate effect, the Company's target is to be able to buy back shares at a discount to net asset value of around 5 per cent.
This policy is subject to the overall constraint that such purchases are in the Company's interest so far as market conditions and liquidity permit.
This includes the maintenance of sufficient cash resources for investment in new and existing investee companies and in continued payment of dividends to shareholders.
For further information please contact
Patrick Reeve
Albion Ventures LLP
0207 601 1882