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
is open until 4th April 2001.
At EO, applications may be made online or an application form may be
from the website and sent in by post. VCT investments have a number of
benefits including the opportunity to obtain tax free capital growth,
Tax reliefs, and Capital Gains Tax deferral under VCT tax legislation in
Commenting on the offer, Mark Stacpoole, CEO of EO UK, said:
"Since the inception of Venture Capital Trusts in 1995, the size and
of VCTs available has grown dramatically. Today someone contemplating a
investment has a huge choice of Investment Manager and sector focus.
Increasingly the big names in fund management are introducing VCT
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
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
available online. Hedge Funds are expected to become increasingly
attractive to retail investors looking for products with a performance
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.
Tel: 020 7725 4900
Tel: 020 7251 3801
Notes to editors
* 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
* 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
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
* EO also benefits from exclusive deal flow from its
shareholder NewMedia SPARK, Europe's leading quoted early stage technology
* EO now has operations in UK, Germany, France, Sweden and
* Investors should register free and without obligation at
52 - 58 Tabernacle Street
London EC2A 4NU
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