Foresight Technology VCT Expands Share Offerings
Foresight Technology VCT PLC is excited to share significant developments in its share offering. This expansion reflects the company's commitment to enhancing value for its shareholders and investors. The recent issuance of FWT Shares marks an important milestone in our growth strategy.
Details of the New Allotment of Shares
The Board of Foresight Technology VCT unveiled that in accordance with the Offer for Subscription dated 5 September 2024, they have successfully allotted 320,631 Foresight Williams Technology Shares (FWT Shares) at a nominal value of 1p each. This allotment took place on 10 July 2025, with prices ranging from 91.4p to 96.2p based on an unaudited net asset value per share.
Admission to Official Listings
In a move aligned with our growth objectives, we have submitted applications for the admission of these newly allotted shares to the Official List of the FCA. Additionally, we are preparing for trading on the London Stock Exchange, targeting a date around 11 July 2025. This step is pivotal for enhancing liquidity and market visibility for investors.
Progress and Future Plans
To date, the total number of shares allotted under the Offer has reached an impressive 9,697,135 FWT Shares. This robust figure underscores the growing interest in our offerings and reflects confidence in our strategic direction. Following the recent allotment, the total number of FWT Shares now stands at 45,068,086.
Closure of the Offer
As part of our operational updates, the Board has also announced that the Offer is now officially closed. All valid applications received before the deadline of 28 June 2025 were processed successfully, and shares have been allocated accordingly. We appreciate the support from our investors and look forward to continuing to deliver value.
Contact Information
For any inquiries or additional information, please reach out to:
Steve Thayer, Foresight Group at 020 3667 8181.
Frequently Asked Questions
What shares are being discussed in this announcement?
The announcement focuses on the newly allotted Foresight Williams Technology Shares (FWT Shares).
When was the new allotment of shares completed?
The new allotment of shares was completed on 10 July 2025.
What is the purpose of the new share issuance?
The issuance aims to enhance value for shareholders and increase investment opportunities in the growth of Foresight Technology VCT.
How can investors keep track of the shares?
Investors can monitor the shares on the London Stock Exchange once the admission is finalized.
Who can be contacted for more information?
For more information, investors can contact Steve Thayer at Foresight Group via the provided phone number.
