Foresight Enterprise Offers Expansion with Over-Allotment
Foresight Enterprise VCT Update on Funding Opportunities
Foresight Enterprise VCT Plc
This announcement serves to inform investors about an important development regarding funding initiatives undertaken by Foresight Enterprise VCT Plc, whose LEI is 213800MWJNR3WZZ3ZP42.
Details of the Offer
The Company has recently published a prospectus outlining an attractive offer for subscription aiming to raise up to £20 million. Additionally, there is an over-allotment facility that allows for an extra £10 million to be sought through the issuance of new ordinary shares valued at 1p each.
Expected Timelines
Those interested in this offer can find comprehensive details in the prospectus, which outlines key information relevant to the anticipated timetable for applying within the upcoming tax years of 2024/2025 and 2025/26.
Utilization of the Over-Allotment Facility
To meet heightened investor demand, the Board of Directors has endorsed the activation of the over-allotment facility embedded in the offer. This facility enables the Company to raise an additional £10 million. It is projected that the first allotment utilizing this facility will occur in January 2025.
Offer Duration
It's important to note that this offer will remain accessible until 30 April 2025, except in cases where it becomes fully subscribed before this date or as determined by the discretion of the Board.
Contact Information
For any inquiries or additional information, interested parties are encouraged to reach out to:
Company Secretary Contact
Foresight Group LLP
Contact Person: Gary Fraser
Phone: 0203 667 8100
Investor Relations Contact
Foresight Group LLP
Contact Person: Andrew James
Phone: 0203 667 8181
Frequently Asked Questions
What is the purpose of the over-allotment facility?
The over-allotment facility allows Foresight to raise additional funds to accommodate increased investor demand.
When will the over-allotment facility be utilized?
The first allotment under this facility is planned for January 2025.
How long will the offer be available?
The offer will be open until 30 April 2025, unless it is fully subscribed earlier.
Who can I contact for more information?
Investors can contact the Company Secretary or Investor Relations at Foresight Group LLP for further details.
What potential impact does this have on investors?
This expansion may provide additional investment opportunities for current and prospective investors interested in Foresight Enterprise VCT Plc.
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