Foresight Enterprise VCT PLC Issues New Equity Shares

Author: Dylan Bailey Updated: 02-24-2025 06:33 AM

Foresight Enterprise VCT PLC Issues New Ordinary Shares

The Board of Foresight Enterprise VCT PLC is excited to share the news regarding the allotment of new Ordinary Shares. This move is part of a broader effort to enhance the company's capital structure and facilitate its growth strategy.

Details of the Allotment

Recently, 35,714 Ordinary Shares with a nominal value of 1p each were allotted as of February 21, 2025. This issuance stems from the recent offer for subscription outlined in the prospectus released by the company on November 1, 2024. The newly allotted shares have been issued based on an unaudited net asset value ranging from 54.30 pence to 57.80 pence per share, reflecting the company's underlying value and financial health.

Admission to Trading

In conjunction with this issuance, Foresight Enterprise VCT PLC has also initiated the application for the admission of these new shares to the Official List of the Financial Conduct Authority. This is an essential step in facilitating their trading on the London Stock Exchange's platform for listed securities, expected around February 25, 2025. This move is designed to enhance liquidity and provide shareholders with more opportunities in the market.

Company's Growth and Future Prospects

With this recent allotment, Foresight Enterprise VCT PLC has successfully issued a total of 52,776,043 Ordinary Shares under the current offer. Presently, the total number of Ordinary Shares in circulation stands at 316,070,843. The company is committed to leveraging these additional funds to bolster its investment strategies and generate better returns for its stakeholders.

Contact Information

For more inquiries regarding this latest development, stakeholders can reach out to Gary Fraser at Foresight Group by calling 020 3667 8181.

Frequently Asked Questions

What is the significance of the new shares issued?

The issuance of new shares aims to enhance capital and support the company's investment strategies.

How many shares were allotted recently?

A total of 35,714 Ordinary Shares were allotted on February 21, 2025.

What is the net asset value of the new shares?

The newly issued shares have a net asset value ranging from 54.30 pence to 57.80 pence per share.

When will the new shares be traded on the stock exchange?

The shares are expected to be admitted for trading on or around February 25, 2025.

Who can provide more information about the share issuance?

Gary Fraser from Foresight Group can be contacted at 020 3667 8181 for more details.

About The Author

My name is Dylan Bailey, and I am 28 years old. I am an author and an expert on the stock market who specializes in publicly traded companies. Early fascination with the stock market inspired me to seek a finance degree and then delve deeply into the world of stocks. I have developed over the years my abilities to spot investment prospects, assess business performance, and analyze market trends.

My books and articles try to help regular investors understand the nuances of the stock market. Anyone can, in my opinion, make wise investment choices and succeed financially if they have the correct information and resources. In my writing, I combine in-depth research with practical insights and advice that can be put into action. This is done with the intention of assisting readers in navigating the constantly shifting landscape of publicly traded companies.

In addition to writing, I also host webinars and workshops, where I give presentations and share my knowledge with a wider audience. I also write for top financial journals and show up as a guest analyst on financial news shows. I like to travel, spend time with my family, and keep active by playing different sports when I'm not buried in market research.

My goal is to enable people to choose wisely and consciously in their investments, so taking charge of their financial futures. By my work, I hope to create a community of informed and self-assured investors prepared to take advantage of the chances presented by the stock market.

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