BSR BR.Smlr Tec Vct

RNS Number:9319U
British Smaller Tech Cos VCT PLC
30 November 2005



                  BRITISH SMALLER TECHNOLOGY COMPANIES VCT PLC
                            ("BSTC" / the "Company")

                             FOR IMMEDIATE RELEASE

This announcement is made in connection with a scheme for the reconstruction of
the Company ("Scheme"), details of which were published on 31 October 2005.

The board of directors of BSTC is pleased to announce that all the resolutions
proposed at an Extraordinary General Meeting of the Company held on Wednesday 30
November 2005 were duly passed. It is envisaged that the assets and liabilities
of the Company will be transferred to British Smaller Technology Companies VCT 2
PLC ("BSTC2"), and BSTC2 will issue the consideration shares, on 8 December
2005, subject to the passing of the necessary resolutions at the second
extraordinary general meeting convened for that day.

The Company has today requested suspension of the listing of the ordinary shares
of 10p each in the capital of the Company to take effect from 7.30 am on 1
December 2005 to enable the Scheme to be implemented



Enquiries

BSTC: Jim Gervasio, 0113 399 3571

BSTC2: Jim Gervasio, 0113 399 3571

YFM Private Equity Limited: Peter Hindle, 0113 294 5050






                      This information is provided by RNS
            The company news service from the London Stock Exchange

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