Elderstreet VCT plc : Enhanced Share Buyback

Elderstreet VCT plc

27 November 2012

Enhanced Share Buyback ("ESB")

On 25 September 2012, the Company published an Offer Document in respect of (i) a Tender Offer and Substitute Share Offer, together the Enhanced Share Buyback ("ESB"), to allow existing Ordinary Shareholders to subscribe for up to 28,917,881 new Ordinary Shares from the proceeds of selling their existing Ordinary Shares back to the Company and (ii) a Top-up Offer to issue up to 1,633,221 Ordinary Shares.

On 27 November 2012, the following further transactions took place in accordance with the terms of the ESB:

 ·           A total of 6,619 Ordinary Shares were purchased for cancellation at a price of 59.8p per Ordinary Share.

 ·           A total of 6,420 Ordinary Shares were allotted in respect of the proceeds of the shares tendered for cancellation at a price of approximately 61.6495p per Ordinary Share.

Application for the total of 6,420 Ordinary Shares to be admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's market for listed securities will be made at the earliest practical opportunity. 

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Source: Elderstreet VCT plc via Thomson Reuters ONE

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