Foresight Enterprise VCT PLC Announces Share Purchase Details
Foresight Enterprise VCT PLC Share Purchase Announcement
FORESIGHT ENTERPRISE VCT PLC
LEI: 213800MWJNR3WZZ3ZP42
TRANSACTION IN OWN SECURITIES
Date: October 15
The Board of Foresight Enterprise VCT PLC is excited to inform its shareholders about a recent transaction involving the company's shares. On October 15, the company executed a purchase for cancellation of 2,137,316 Ordinary Shares, each with a nominal value of 1p, at a gross price of 46.36p per share.
Understanding the Impact of the Purchase
This action indicates a substantial investment back into the company, increasing shareholders' interests while reinforcing confidence in its ongoing operations. Following this purchase, the total capital comprises 314,642,101 Ordinary Shares of 1p, all retaining voting rights.
What This Means for Shareholders
The company wants to clarify that all voting rights attached to these shares total 314,642,101. This total is crucial for shareholders who need to evaluate their interests or consider any changes based on the FCA's Disclosure and Transparency Rules.
Capital Structure Post-Transaction
Post-purchase, the company's capital structure remains robust, with no shares held in Treasury. This transparent approach reassures shareholders of the company's integrity and overall financial health.
Regulatory Compliance and Transparency
Foresight Enterprise VCT PLC ensures that all inside information regarding the company was publicly available before the market purchase was completed. This adherence to regulations emphasizes the company's commitment to ethical practices and shareholder communication.
Contact Information for Inquiries
Should you have any questions or need further clarification regarding this announcement, please reach out to:
Company Secretary:
Foresight Group LLP
Contact: Stephen Thayer
Tel: 0203 667 8100
Investor Relations:
Foresight Group LLP
Contact: Andrew James
Tel: 0203 667 8181
Frequently Asked Questions
What is the significance of this share buyback?
This share buyback reflects the confidence of the board in the company’s future and aims to enhance shareholder value.
How does this affect my shares?
This action potentially increases the value of existing shares due to the reduced number of shares in circulation.
Who should I contact for more information?
Shareholders can contact the Company Secretary, Stephen Thayer, at 0203 667 8100 for further details.
What regulatory framework governs this transaction?
The transaction adheres to the FCA's Disclosure and Transparency Rules, ensuring transparency and compliance.
How does this transaction affect voting rights?
The total number of voting rights remains at 314,642,101, and these can be used by shareholders for any related notifications.
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