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Draper Esprit

Draper Esprit VCT plc
£20 million Prospectus Offer

3 October 2019

RW Blears acted as legal advisers to Draper Esprit VCT plc and its manager, Elderstreet Investments Limited, in the publication of a FCA approved prospectus to raise up to £20 million for investment by its award-winning venture capital trust. Draper Esprit VCT has a strong technology investment focus and targets a 3p annual dividend to investors, equivalent to a tax free yield of 7.4% after factoring in the initial tax relief and the estimated offer price of 57.9p per share. The full prospectus is available here.