Albion Enterprise VCT (GB:AAEV) has released an update.
Albion Enterprise VCT PLC has announced a special dividend of 13.50 pence per share following a lucrative sale of Egress Software Technologies that yielded a return seven times the investment. The dividend will be distributed on October 25, 2024, to shareholders who are on the register by October 4, 2024. This move is to ensure the company maintains its VCT qualifying status, balancing the need for cash liquidity and the requirement to be 80% invested in qualifying ventures.
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