ALBION TECHNOLOGY & GENERAL VCT PLC - ORD 1P Action

Albion Technology & General VCT PLC is a venture capital trust specializing in technology and nontechnology-related companies based in the United Kingdom. It does not invest in companies that deal in property or shares and securities, insurance, banking, agriculture. The fund seeks to invest half of the assets in quoted global technology stocks and the remaining assets in unquoted UK non-tech companies. It seeks to invest 40 percent in unquoted UK technology related companies and 60 percent in unquoted UK non-technology companies. It invests in shares or securities including loans with a five year or greater maturity period. The gross assets of a portfolio company must not exceed £15 million ($17.39 million) immediately prior to the investment and £16 million ($18.55 million) immediately thereafter. The maximum each portfolio company can receive from State Aided risk capital schemes is £5 million ($5.80 million) in aggregate from all state aided providers of risk capital, including VCTs, in the 12 month period up to and including the most recent such investment.