Issue of Equity

Elderstreet VCT PLC 04 April 2005 Elderstreet VCT PLC ('Elderstreet' or 'the Company') Offer for subscription of 'C' Shares ('the Offer') 4 April 2005 The Directors of Elderstreet are pleased to announced that they have issued and allotted a further 783,597 'C' ordinary shares of 5 pence each (bringing the total issued and allotted to 1,370,000 'C' ordinary shares), conditional only on admission ('Admission') of these 'C' shares to the Official List of the UK Listing Authority and to trading on the main market of the London Stock Exchange, with the remaining ordinary shares to be issued and allotted before the end of the 2004/2005 tax year or during the 2005/2006 tax year. It is expected that Admission will take place at 8.00 am on 5 April 2005. Dealings in the 'C' shares are expected to commence on 5 April 2005 and definitive documents of title are expected to be dispatched within 10 business days of allotment. The Offer is expected to remain open until 27 May 2005. The Directors also announce that, included within the above, are the following allotments to Directors of the Company: Luke Johnson, a Director, was allotted 50,000 'C' Shares in the Company at a price of £1 per share representing 3.6 per cent. of the issued 'C' share capital. Barry Dean, a Director, was allotted 10,000 'C' Shares in the Company at a price of £1 per share representing 0.7 per cent. of the issued 'C' share capital. This information is provided by RNS The company news service from the London Stock Exchange
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