Foresight Technology VCT Expands with New Equity Issuance
Foresight Technology VCT Announces New Equity Issuance
FORESIGHT TECHNOLOGY VCT PLC
LEI: 21380013CXOR8N6OD977
The Board of Foresight Technology VCT plc is excited to share important news regarding its recent equity issuance. In accordance with the Offer for Subscription dated early September 2024, the Company has successfully allotted 1,544,924 Foresight Williams Technology Shares, commonly referred to as 'FWT Shares'.
Details of the Allotment
These new shares, each valued at 1p, were issued on March 27 under specific terms ranging from 97.2p to 102.9p per share. This pricing reflects the unaudited net asset value of the shares, which stands at 97.2p. This milestone is part of the ongoing efforts to bolster the Company’s capital base and support future growth initiatives.
Admission to Trading
Following the issuance, an application has been submitted for the admission of the FWT Shares to the Official List of the FCA. The anticipated trading commencement on the London Stock Exchange for these shares is around March 28. This development enhances the liquidity and presence of the FWT Shares in the market.
Total Shares Issued
With this recent allotment, the total number of FWT Shares issued to date has reached an impressive 6,674,654. The total number of FWT Shares now in circulation is 42,045,605, demonstrating robust interest and trust in the Company's vision and strategic direction.
Contact Information
For additional information regarding this announcement or other Company-related inquiries, please reach out to Steve Thayer at Foresight Group by calling 020 3667 8181. He will be more than happy to assist and provide any clarity regarding the recent developments.
Frequently Asked Questions
What are FWT Shares?
FWT Shares refer to the Foresight Williams Technology Shares, which are issued by Foresight Technology VCT as part of their equity financing.
Why is the new share issuance important?
The new share issuance strengthens the Company's capital base, allowing for continued investment in technology and development projects.
When will the new shares start trading?
The new shares are expected to begin trading on the London Stock Exchange around March 28, offering new opportunities for investors.
What is the total number of FWT Shares now available?
As of the latest announcement, there are a total of 42,045,605 FWT Shares in issue, a significant increase from prior counts.
How can I get more information about Foresight Technology VCT?
For more information, interested individuals can contact the Foresight Group or visit their official channels for updates and insights.
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