RNS Number:5995M
Phoenix VCT PLC
20 June 2003


PHOENIX VCT PLC (the "Company")


ISSUE OF EQUITY


Phoenix VCT plc announces that on Wednesday 18 June 2003 it issued and allotted
281,674 ordinary shares under the 2003/04 Offer for Subscription. The issued
share capital of the Company is now 8,861,710 ordinary shares. The new shares
were issued at a price of 100p each.


Application will be made for admission of the new ordinary shares to trading on
the London Stock Exchange as soon as practicable.







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

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