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London 6 March 2001 - EO plc, the online equity distribution platform for
retail investors, today announced that it is offering consumers a 1.5%
Cashback on Venture Capital Trust investments, made through EO. This
offer
is open until 4th April 2001.

At EO, applications may be made online or an application form may be
printed
from the website and sent in by post. VCT investments have a number of
benefits including the opportunity to obtain tax free capital growth,
Income
Tax reliefs, and Capital Gains Tax deferral under VCT tax legislation in
force.

Commenting on the offer, Mark Stacpoole, CEO of EO UK, said:

"Since the inception of Venture Capital Trusts in 1995, the size and
number
of VCTs available has grown dramatically. Today someone contemplating a
VCT
investment has a huge choice of Investment Manager and sector focus.
Increasingly the big names in fund management are introducing VCT
products.
This means that with an investment in new-issue VCT shares, as small as
£2,500 for some trusts, UK taxpayers can access a product that can be far
more tax efficient than an ISA.
Historically, VCT's have been viewed as complex investments for a
sophisticated investor and they have been sold through IFA's, but as the
VCT
product comes of age, investors who have previously bought them will value
the access and choice of Trusts available at EO.
In the coming weeks EO will be adding a number of Hedge Funds to the
offers
available online. Hedge Funds are expected to become increasingly
attractive to retail investors looking for products with a performance
which
is not correlated to the wider equity markets."

Investors can benefit from this offer by visiting http://www.eo.net



For information on Venture Capital Trusts forthcoming at EO
and related tabulated data, please contact Finsbury.

Enquiries:

EO plc

Tom Amies

Tel: 020 7725 4900

http://www.eo.net


Finsbury

Peter Pender-Cudlip

Penderp@finsbury.com


Tel: 020 7251 3801

Notes to editors

EO plc

* EO plc, which is regulated by the SFA, is an on-line share
distribution platform . EO works in partnership with investment banks and
venture capital firms to distribute equity product to retail investors on
a
pan-European basis.

* EO agreed to acquire EPO.com on 13th December 2000. .
Through its networks and partnership arrangements, EO now reaches an
audience of almost 20 million online users throughout the UK and Europe.

* Distribution partners include:

Online brokers: Charles Schwab Europe, Barclays
Stockbrokers, Sharepeople, Stockacademy, Stocktrade

Portals: Yahoo!, GlobalNetFinancial.com, Tiscali
and
Ciaoweb
Retail investment sites: ADVFN and moneyextra.com
Other: OM Stockholm Stock Exchange

* EO has established a joint venture with more-IPO.de in
Germany, through which EO's reach encompasses users of both web.de and
freenet.de. EO also has a partnership with online IPO provider
EuropeOffering.com in France.

* EO has established partnerships with UBS Warburg and Noble
&
Co. Under the terms of these partnerships, the investment banks will make
appropriate equity product offerings available to retail investors via
http://www.eo.net


* EO also benefits from exclusive deal flow from its
founding
shareholder NewMedia SPARK, Europe's leading quoted early stage technology
investor.

* EO now has operations in UK, Germany, France, Sweden and
Finland.

* Investors should register free and without obligation at
http://www.eo.net


Finsbury Group

52 - 58 Tabernacle Street

London EC2A 4NU

This press release was distributed by ResponseSource Press Release Wire on behalf of Finsbury Group in the following categories: Consumer Technology, Personal Finance, Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.