Elderstreet VCT plc
20 December 2013
Offers for Subscription for New Ordinary Shares and Sustainable Technology Shares
Elderstreet VCT plc (the "Company") announces that it has published a Prospectus (comprising a Securities Note, Registration Document and Summary) to raise up to, in aggregate, £25 million (the "Offers").
The Offers will open on 20 December 2013 and are expected to close no later than 4 April 2013 in relation to the 2013/14 tax year and 30 April 2014 in relation to the 2014/15 tax year (unless fully subscribed by an earlier date or previously extended by the directors to no later than 30 November 2014).
The Offers are for up to, in aggregate, £10,000,000 of New Ordinary Shares of 5p each and up to £15,000,000 of Sustainable Technology Shares of 5p each in share capital of the Company.
The Company has also published a circular to shareholders (the "Circular") seeking shareholder approval for matters in connection with the Offers and giving notice of general meeting to be held on 5 February 2014.
Copies of the Prospectus and Circular are available, free of charge, from the investment manager of the Company, Elderstreet Investments Limited, at www.elderstreet.com.
In accordance with the Listing Rules, the Prospectus and Circular have been submitted to the National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/uk/NSM.
For further information please contact:
William Horlick
Elderstreet Investments Limited
Telephone 0207 831 5088