Result of EGM
February 12 2009 - 7:25AM
UK Regulatory
TIDMAGCV
RNS Number : 2318N
Arc Growth Company VCT plc
12 February 2009
For Immediate Release 12 February 2009
Arc Growth Company VCT plc
("Arc VCT" or "the Company")
Results of General Meeting
Appointment of Investment Manager
Change of the Company's name
The Company is pleased to announce that at the General Meeting held today
at 11.00am at 32 Bedford Row, London, WC1R 4HE all resolutions were passed.
Accordingly the Directors have appointed Elderstreet Investments Limited
("Elderstreet Investments") as the Company's Investment Manager with immediate
effect. There will be no change in the Company's investing strategy as a result
of the appointment of Elderstreet Investments as Investment Manager with Arc
VCT continuing to invest in small, unquoted companies with a view to realising a
gain via a trade sale, listing via IPO or other suitable exit route.
Elderstreet was founded in 1990 and currently has more than GBP35 million under
management, has expertise in tax-driven vehicles, including VCTs and EIS Funds,
and is a specialist in the smaller company market, AIM and the unlisted sectors.
Elderstreet has strong proprietary deal flow and has a "hands on" portfolio
management style. Elderstreet was shortlisted for VCT Fund Manager of the Year
2008 and for Special Investment Vehicle 2009 in the Growth Company Awards."
In addition, and to reflect the change of Investment Manager, the Company has
changed its name from Arc Growth Company VCT plc to Bedford Row VCT Plc with
immediate effect.
Copies of the Circular are available for inspection by the public at the
Document Viewing Facility, 25 The North Colonnade, Canary Wharf, London, E14
5HS.
Contact: Richard Hargreaves, Chairman, Arc VCT on 07957 861786
Graham Urquhart, Company Secretary, Arc VCT on 0203 216 2000
William Horlick, Elderstreet Investments on 0207 831 5088
Roland Cornish, Beaumont Cornish Limited on 020 7628 3396.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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