RNS Number:6693R
Phoenix VCT PLC
04 November 2003


PHOENIX VCT PLC (the 'Company')

4 NOVEMBER 2003


ISSUE OF EQUITY


Phoenix VCT plc announces that on Friday 31 October 2003 it issued and allotted
420,565 ordinary shares under the 2003/04 Offer for Subscription.  The issued
share capital of the Company is now 10,049,530 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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