4th Apr 2005 17:48
Elderstreet VCT PLC04 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 andallotted a further 783,597 "C" ordinary shares of 5 pence each (bringing thetotal issued and allotted to 1,370,000 "C" ordinary shares), conditional only onadmission ('Admission') of these "C" shares to the Official List of the UKListing Authority and to trading on the main market of the London StockExchange, with the remaining ordinary shares to be issued and allotted beforethe 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 anddefinitive documents of title are expected to be dispatched within 10 businessdays of allotment. The Offer is expected to remain open until 27 May 2005. The Directors also announce that, included within the above, are the followingallotments to Directors of the Company: Luke Johnson, a Director, was allotted 50,000 'C' Shares in the Company at aprice of £1 per share representing 3.6 per cent. of the issued "C" sharecapital. Barry Dean, a Director, was allotted 10,000 'C' Shares in the Company at a priceof £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 ExchangeRelated Shares:
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