VCT to raise £15m

The offer opened in December and will close on April 5, 2007 for the 2006/2007 tax year and on April 30, 2007, for the following tax year. Up to 15 million shares of 10 pence each are being issued at 102.5 pence each.

The VCT, which is managed by YFM Private Equity, is, according to Trustnet, one of the fasted growing VCTs and a top 10 performer, out of 158, in terms of Net Asset Value (NAV) growth over one, three and five years.