REG-Elderstreet VCT plc : Publication of Prospectus <Origin Href="QuoteRef">ELDR.L</Origin>

Molten Ventures VCTAnnouncement

07/12/2017 18:43

For best results when printing this announcement, please click on link below:
http://pdf.reuters.com/htmlnews/htmlnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20171207:nGNE3GKB9R


Elderstreet Draper Esprit VCT plc 
 Legal Entity Identifier: 2138003I9Q1QPDSQ9Z97
 7 December 2017
Publication of Prospectus

The board of Elderstreet Draper Esprit VCT plc (the "Company") (formerly
Elderstreet VCT plc) is pleased to announce that the Company has today
published a prospectus (the "Prospectus") relating to an offer for the
subscription in respect of new ordinary shares (the "Offer").

The Offer will open on 7 December 2017.  In respect of the 2017/18 tax year,
the Offer will close at 4.00 p.m. on 5 April 2018 and, in respect of the
2018/19 Tax Year, it will close at 4.00 p.m. on 31 May 2018 (unless extended
or fully subscribed earlier). The Offer is seeking to raise up to £10 million
with an overallotment facility of up to an additional £10 million.

As set out in the Prospectus, Elderstreet Investments Limited ("EIL"), the
investment manager of the Company, will receive commission (the "Promoter's
Fee") from the Company of up to 5.5% of the application amount due from an
applicant in relation to their application for new ordinary shares made under
the Offer. The amount of Promoter's Fee for any particular type of applicant
is as set out in the Prospectus.

Out of its Promoter's Fee, EIL has agreed to be responsible for paying the
costs of the Offer (excluding any initial commissions or adviser charges
payable in relation to applications which are facilitated through the pricing
formula set out in the Prospectus), any trail commission payable in the future
and the registrar's costs in issuing the applicable share certificates which
will be payable by the Company.  Early investors will be entitled to a rebate
from the Promoter's Fee as set out in the Prospectus.

As EIL is a related party of the Company under the Listing Rules, the payment
of the Promoter's Fee by the Company to EIL is a transaction to which Listing
Rule 11.1.10R applies.

A downloadable version of the Offer Document is available
from www.elderstreet.com. The Offer Document will also be submitted to the
National Storage Mechanism and will shortly be available for inspection at
www.morningstar.co.uk/uk/NSM.
This announcement is distributed by Nasdaq Corporate Solutions on behalf of
Nasdaq 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