Conversion of Securities


 
TIDMPHX 
 
Phoenix VCT PLC 
27 February 2009 
 
 
Subject:    Conversion of C Shares into Ordinary Shares 
 
 
The Board of Phoenix VCT plc announces the proposed conversion of the 
C Shares of 10p each into Ordinary Shares of 10p each.  The 
Calculation Date, per the original offer for subscription, was 31 
October 2008. 
 
The C Shares were issued by way of an offer for subscription launched 
in February 2005 and the funds raised have been managed as a separate 
pool of assets from those attributed to the Ordinary Shares. The C 
Shares will convert into Ordinary Shares on a net asset value basis 
and will then rank pari passu with the existing Ordinary Shares. 
 
The conversion, will take place on 2 March 2009 with 27 February 2009 
being the record date in accordance with the Articles of Association 
of the Company, by reference to a conversion formula based on the 
relative net assets of the C Share and Ordinary shares of the Company 
as at 31 October 2008, being the Calculation Date.  Application will 
be made for the Ordinary Shares to be admitted to the Official List 
and to trading on the London Stock Exchange's market for listed 
securities. 
 
 
For further information contact: 
 
Celia Whitten:                                       0207 710 2849 
Mike Coker                                          0207 710 2802 
 
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This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement.

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