Law firm Howard Kennedy and its regulated London Stock Exchange sponsor, Howard Kennedy Corporate Services advised Albion Ventures on the launch of its 2015/16 prospectus top up offers.
Albion VCTs has launched top up offers for its six VCTs to raise an additional GBP25.5 million, with an over allotment facility of a further GBP10.5 million. Top up offers have been announced for: Albion Development VCT; Albion Enterprise VCT; Albion Technology and General VCT; Albion Venture Capital Trust; Crown Place VCT; and Kings Arms Yard.
The Howard Kennedy team was led by partner Keith Lassman, with support from senior associate Matthew Astbury.
Keith Lassman says: “Albion’s various VCTs have investments in approximately 60 unquoted and smaller businesses with combined assets of some GBP270m. It has a track record stretching back 19 years, and we are delighted to be part of the 2015/16 team.”
Howard Kennedy has a dedicated team of partners and staff advising VCTs, both as legal adviser and as sponsor through its wholly owned FCA authorised subsidiary, Howard Kennedy Corporate Services LLP. Howard Kennedy has been active in the VCT market place since 1997, listing well over 200 companies over that period.
In the 2014/15 tax year Howard Kennedy advised on 27 of the 33 VCT offers with a combined market value of GBP370 million.