SPARK acts as Sponsor to Draper Esprit VCT plc

SPARK Advisory Partners Limited is pleased to announce it has acted as Sponsor to Officially Listed Draper Esprit VCT plc (“DEVC”) in respect of an offer for subscription (“Offer”) by DEVC to raise up to £20 million (with an over-allotment facility for up to a further £10 million) in the 2021/22 and 2022/23 tax years.
If the Offer is taken up in full (including the over-allotment facility), once invested, DEVC will have over £100 million of net assets of, which over 78% will be allocated predominantly to technology investments.