Albion Development VCT Eyes Merger Amidst NAV Dip

Albion Development VCT (GB:AADV) has released an update.

Albion Development VCT PLC reported a decrease in net asset value to 89.27 pence per share following the distribution of dividends. The company is proposing a merger with Albion Enterprise VCT PLC to streamline operations and reduce costs, which could benefit shareholders. During the reporting period, Albion made significant investments in technology and AI companies, reflecting its focus on innovative sectors.

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