Kings Arms Yard VCT (GB:KAY) has released an update.
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The Albion VCTs have begun discussions regarding potential mergers aimed at consolidating various funds through schemes of reconstruction, aiming for shareholder approval to achieve cost savings and administrative efficiencies. The talks are exploratory and may not necessarily lead to a merger, but if approved, shareholders of the target VCTs would receive new shares in the acquiring VCTs. An announcement will follow as the situation develops, with this information now public following regulatory requirements.
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