Foresight Enterprise VCT PLC Announces Share Buyback Details
Important Share Buyback Announcement
FORESIGHT ENTERPRISE VCT PLC
LEI: 213800MWJNR3WZZ3ZP42
The Board of Foresight Enterprise VCT plc has made a significant decision regarding its stock structure. On a recent date, the Company purchased a notable quantity of its shares, specifically 6,518,075 Ordinary Shares. This move was made at a gross price of 51.40p per share. It demonstrates the Company's proactive approach to managing its capital.
Details of the Share Buyback
According to the provisions laid out by the FCA's Disclosure and Transparency Rules, after the completion of this buyback, Foresight Enterprise VCT plc’s total capital now stands at 260,246,892 Ordinary Shares. Each of these shares carries a voting right, illustrating a robust structure for shareholder engagement.
Capital Structure Clarification
With the completion of this share purchase, shareholders can note that there are still 260,246,892 voting rights attached to the shares in circulation. Importantly, the Company holds no shares in Treasury, meaning all issued shares are actively engaged in the market.
Implications for Shareholders
This significant number of voting rights will be utilized by shareholders as they assess whether they need to notify the Company of their interests or any changes to their interests under the FCA's rules. This level of transparency supports shareholders in making informed decisions regarding their investments.
Inside Information Declaration
Before proceeding with the buyback, the Foresight Board confirmed that all inside information previously held by both the Directors and the Company was publicly available. This assurance allowed for a smooth transaction without any legal hurdles related to insider trading.
Contact Information for Further Inquiries
If you wish to obtain more information regarding this transaction or have any inquiries, please reach out through the contacts listed below. The Company values open communication and is committed to transparency.
Company Secretary:
Foresight Group LLP
Contact: Gary Fraser Tel: 0203 667 8100
Investor Relations:
Foresight Group LLP
Contact: Andrew James Tel: 0203 667 8181
Frequently Asked Questions
What is the recent decision made by Foresight Enterprise VCT plc?
Foresight Enterprise VCT plc announced a share buyback, purchasing 6,518,075 Ordinary Shares for cancellation at 51.40p per share.
How many shares are currently outstanding after the buyback?
After the buyback, the Company has a total of 260,246,892 Ordinary Shares in circulation, all of which have voting rights.
Are there any shares held in Treasury by the Company?
No, the Company does not hold any shares in Treasury.
What provisions did the Board follow during the buyback process?
The Board followed the FCA's Disclosure and Transparency Rules, ensuring all inside information was publicly available before the transaction.
How can shareholders contact the Company for more information?
Shareholders can contact the Company Secretary or Investor Relations at Foresight Group LLP through the provided telephone numbers for inquiries.
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