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Draper Esprit VCT

A leading UK venture capital fund manager

2019/20 Prospectus Offer now open

VCT Investors Information


To obtain a valuation please contact our administrators Downing LLP or call them on 0207 416 7780 and say that you would like an up to date valuation for Draper Esprit VCT plc.

Paying dividends directly into your bank

To have your dividends paid directly into your bank account please download and fill out the request for payment of interest or dividends form and return it to our Registrar, Link Asset Services at:-

Link Asset Services
The Registry
34 Beckenham Road
Kent BR3 4TU

Selling your shares

If you would like to sell your shares please instruct your stockbroker to contact the VCTs broker Shore Capital. The VCT does not buy back shares directly from investors but has a buyback policy through the London Stock Exchange. A precis of the buyback policy is as follows.

The Company has from time to time bought back its Ordinary Shares for cancellation. Elderstreet intends to continue to buy back its Ordinary Shares at a discount of approximately 7.5% to the last published NAV, subject to liquidity, VCT regulations and the Listing Rules. The Company intends to acquire its own Ordinary Shares in the market four times each year. The Board will agree the price at which such buybacks are undertaken which will not be more than 92.5% of the last published NAV for the Ordinary Shares although the Board may decide to buy back shares at their discretion at a larger discount subject to VCT regulations, liquidity and the Listing Rules.

Financial reports and accounts


Our registrar is Link Asset Services who can be contacted at:-

Link Asset Services
The Registry
34 Beckenham Road
Kent BR3 4TU
Tel: 0871 664 0324

If you need to change your address please write to our Registrar at the above address.

If you need to change your address, please download and fill out the change of address form and return it to our Registrar, Link Asset Services.

Please do not contact the manager as for security reasons we cannot do this on your behalf.


Our administrator is Downing LLP who have administered the VCT fund since 1998.

They can be contacted at:-

Draper Esprit VCT plc
c/o Downing LLP
6th Floor
St Magnus House
3 Lower Thames Street
Tel: 020 7416 7780

Terms and Conditions of Use

This material is directed only at persons in the UK and is not to be regarded as an offer or invitation to buy or sell an investment nor does it solicit any such offer or invitation in any jurisdiction other than the UK. Persons resident in territories other than the UK should consult their professional advisers as to whether they require any governmental or other consent or need to observe any formalities to enable them to invest in the products described in these pages. An investment in any VCT fund managed by Elderstreet must only be made on the basis of the information set out in the relevant prospectus. The investments referred to on this website may not be suitable for all investors. This site is aimed at persons for whom VCTs may be an appropriate investment.  Whilst all retail investors may potentially invest in VCTs, they carry a higher risk than many other forms of investment and they are suitable for certain retail investors.  They are unlikely to be suitable for investors who may need access to funds in the short term and the underlying nature of the investment into smaller companies may increase the risk of financial loss.

Therefore, VCT shares are appropriate for more sophisticated investors with significant investment portfolios, who are able to take a longer term view and understand the risk-return of investing in smaller companies and the tax advantages of VCTs. If you are in any doubt as to the suitability of these products for you, you should seek independent financial advice. Elderstreet does not provide and nothing on this website should be construed as investment or tax advice.

The past performance of VCTs or other investment products is not necessarily a guide to the future performance. The value of an investment may go down as well as up, in which case an investor may not get back the amount invested. The share price of a VCT may not reflect its net asset value. VCT funds often invest in unquoted companies which are small and which carry an above-average level of risk and whose shares may not be readily marketable.

The tax reliefs available to certain investors in VCTs are dependent on the VCT maintaining Inland Revenue approval. If this approval is withdrawn, a VCT will lose its status and all tax reliefs are likely to be cancelled. Investors must retain their VCT shares for five years to retain the up-front income tax relief. The tax rules and regulations governing VCT funds are subject to change. Prospective investors in VCTs managed by Elderstreet should ensure that they read the risk warnings set out in the relevant prospectus.

Withdrawal of tax breaks: The generous tax breaks are one of the major attractions of VCTs. If the investment is not held for three years or if the VCT does not invest 70% in qualifying investments after three years, the initial tax breaks can be withdrawn. Long-term nature of the investment: Generally, VCTs are considered to be long-term investments. Charges and performance fees: The levels of charges for VCTs may be greater than Unit Trusts and Open Ended Investment Companies.

The contents of this website relating to the VCT have been issued for the purposes of section 21 of the Financial Services and Markets Act 2000 by Elderstreet Investments Ltd whose registered office is at 20 Garrick Street, London, WC2E 9BT. Elderstreet Investments Ltd is authorised and regulated by the Financial Conduct Authority.

Privacy Policy

Any information you provide to us will be used to administer your requirements for information from us. Occasionally, we may also use your details to inform you of other features, services and products which we think you may be interested in and we may contact you by post, fax, email or telephone. We will keep your personal information confidential except to the extent that we are compelled to disclose it by law or to comply with an instruction of a regulatory body of competent jurisdiction. To comply with the requirements of the Data Protection Act 1998, we adhere to strict security procedures and have taken all appropriate measures to ensure that no unauthorised disclosures of your details are made to a third party without your permission and unauthorised access to it is prevented.

Elderstreet Investments Ltd is authorised and regulated in England by the Financial Conduct Authority. Registered office, 20 Garrick Street, London, WC2E 9BT. Registered in England No. 01825358.

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