Albion Technology & General VCT on Wednesday said it reached its £15.5 million limit under its subscription offer issued in October, closing the offer to further valid applications.

The London-based technology and healthcare venture capital trust said the next allotments from valid applications received before the offer closed are expected to take place on Friday next week for applications within the current tax year, and on April 14 for the subsequent tax year.

Subsequently, Albion Technology & General said dealing in these shares is expected to begin within 3 business days following allotment.

The offer is under an umbrella of Albion VCTs prospectus top up offers, which also have been fully subscribed to and subsequently closed to further applications. The total amount raised across all offers by Albion VCTs is around £80 million.

The company has a market capitalisation of £123.0 million.

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