Albion Technology & General VCT PLC (AATG), a venture capital trust managed by AlbionVC LLP, has disclosed a director transaction under its Dividend Reinvestment Scheme, with Clive Richardson, a director of the company, acquiring 328 ordinary shares on 30 October 2026. The transaction, conducted on the London Stock Exchange, was valued at £218.09 at a price of £0.6649 per share. The disclosure forms part of the company's obligations to publicly notify transactions by persons discharging managerial responsibilities, commonly referred to as PDMRs, under applicable market regulations. Investors in VCTs often monitor such disclosures as an indicator of director alignment with shareholder interests.

Key Points

  • Albion Technology & General VCT PLC (AATG), managed by AlbionVC LLP
  • Director Clive Richardson acquired 328 ordinary shares via the Dividend Reinvestment Scheme on 30 October 2026
  • Shares acquired at £0.6649 each, totalling £218.09; transaction conducted on the London Stock Exchange
  • Investors may watch for further PDMR activity and any updates to the company's net asset value or portfolio performance

Clive Richardson's DRIP Transaction at £0.6649 Per Share on 30 October 2026

The announcement confirms that Clive Richardson, in his capacity as a director and person discharging managerial responsibilities at Albion Technology & General VCT PLC, received 328 ordinary shares of nominal value one penny each through the company's Dividend Reinvestment Scheme. The shares were issued at a price of £0.6649, resulting in a total transaction value of £218.09. The transaction identification code for the ordinary shares is GB0005581672, and the company's LEI is 213800TKJUY376H3KN16. This was filed as an initial notification rather than an amendment to a prior disclosure.

How Albion Technology & General VCT's Dividend Reinvestment Scheme Works for Directors

Albion Technology & General VCT operates a Dividend Reinvestment Scheme that allows eligible participants, including directors, to receive dividend entitlements in the form of newly issued ordinary shares rather than cash. This mechanism means that rather than receiving a cash dividend payment, the participant's entitlement is converted into shares at the prevailing price. The scheme is a common feature among venture capital trusts and investment companies in the UK, enabling shareholders and insiders to compound their holdings over time. The announcement does not disclose the specific dividend amount or period to which this reinvestment relates.

AlbionVC LLP's Role Managing AATG's Venture Capital Portfolio

Albion Technology & General VCT PLC is managed by AlbionVC LLP, a London-based venture capital firm. As a VCT, the company invests primarily in early-stage and growth-focused businesses, typically in the technology and general sectors, providing investors with potential tax-efficient returns. The company's contact for further information on this transaction is Vikash Hansrani, Operations Partner at AlbionVC LLP, reachable via the firm's London office. The VCT sector is subject to specific regulatory requirements regarding PDMR transaction disclosures, which this announcement fulfils.