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Albion Enterprise VCT ( (GB:AAEV) ) has provided an update.
Albion Enterprise VCT PLC reported an increase in its net asset value to £266.8 million as of December 31, 2024, despite paying a special dividend earlier in the period. The company completed a merger with Albion Development VCT PLC, issuing new shares and expanding its asset base by £131.15 million. Additionally, Albion successfully closed a £20 million top-up offer to support its existing portfolio and explore new investment opportunities. The company made notable investments in hybrid transformers and embedded finance, while also benefiting from a significant return on a partial disposal of its stake in Quantexa.
More about Albion Enterprise VCT
Albion Enterprise VCT PLC operates in the venture capital trust industry, focusing on providing capital to a diverse range of sectors. The company primarily invests in technology and healthcare, with a portfolio that includes decision intelligence platforms, medical nutritional therapy services, and cybersecurity providers.
YTD Price Performance: 2.11%
Average Trading Volume: 2,256
Technical Sentiment Signal: Strong Sell
Learn more about AAEV stock on TipRanks’ Stock Analysis page.
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