Elderstreet VCT plc : Offers for Subscription f...

Elderstreet VCT plc
21 March 2014
Offers for Subscription for New Ordinary Shares and Sustainable Technology Shares

Elderstreet VCT plc (the "Company") announces in relation to the Prospectus (comprising a Securities Note, Registration Document and Summary) to raise up to, in aggregate, £25 million (the "Offers") issued on 20 December 2013 the following:

In relation to the New Ordinary Share Offer to raise up to £10 million, the Offers for the tax years 2013/14 and 2014/15 are being withdrawn from the market forthwith due to a potential acquisition of one of the portfolio companies which may lead to a material uplift in NAV if the acquisition were to complete and on the terms being discussed. Combined with the reasonably low level of applications received to date the Board have agreed to withdraw the Offers while the acquisition is in progress.

In relation to the Sustainable Technology Share Offer to raise up to £15 million, the offer for the tax year 2013/14 is being withdrawn from the market forthwith as the minimum subscription has not been raised. The 2014/15 offer will be held open pending further notice by the Board.

In both cases, subscription monies received for all tax years will be returned to applicants forthwith.

For further information please contact:
William Horlick
Elderstreet Investments Limited
Telephone: [phone]

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Elderstreet VCT plc via Globenewswire

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