Albion VCT Reports Successful Egress Acquisition

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

Albion Development VCT PLC has announced the successful completion of the acquisition of Egress Software Technologies by KnowBe4, resulting in a significant return of over seven times the investment cost. This transaction has positively impacted the company’s Net Asset Value (NAV), leading to an increase of 2.26 pence per share, or 2.54%, bringing the effective unaudited NAV to 91.28 pence per share. This NAV update reflects the recent acquisition but does not account for a revaluation of the entire portfolio.

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