26th Jan 2005 07:01
Elderstreet Downing VCT PLC26 January 2005 Elderstreet Downing VCT plc26 January 2005 At the Extraordinary General Meeting of Elderstreet Downing VCT plc held on 25January 2005 all the resolutions were passed, including the resolution to changethe name of the Company. The change of name from "Elderstreet Downing VCT plc"to "Elderstreet VCT plc" is expected to be effected shortly. In addition, the Company announced the appointment of Barry Dean as aNon-Executive Director. Barry is a Chartered Accountant, and has over 25 yearsexperience in the venture capital industry including 16 years as ManagingDirector of Kleinwort Benson Development Capital. He is currently a Director ofKleinwort Capital Trust Plc (a quoted investment trust investing in privateequity), and Kleinwort Capital Ltd which manages funds for investment inmid-market unquoted companies. The Directors believe that Barry's experiencewill be a valuable addition to the Board, particularly with the Companyexpecting to enter a phase of increased investment activity as a result of theforthcoming 'C' share issue. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
DEVC.L