Foresight Technology VCT PLC Launches Subscription Prospectus
Foresight Technology VCT PLC Publishes Subscription Prospectus
Foresight Technology VCT PLC, frequently referred to as the Company, is excited to share the recent publication of its prospectus. This important document pertains to an Offer for Subscription aimed at raising up to £15 million. Additionally, there is an opportunity for an over-allotment facility that could increase the total to £25 million.
Details of the Offer
The board of directors has been proactive in fostering opportunities for investors. The Offer is officially open now and is set to close on specified dates in early 2025, contingent on whether the funds raised reach the desired levels. Investors who act swiftly can take advantage of a special Early Bird Discount, which is available for applications made by a specific deadline.
Promoter and Related Transactions
Foresight Group Promoter LLP has taken on a pivotal role as promoter of the Offer. As an associate of the Company’s manager, Foresight Group LLP, this relationship classifies them as a related party. The board, in consultation with its sponsor, has determined that the associated terms are fair to shareholders. The Promoter will receive a fee based on the total amount subscribed, showcasing a commitment to ensuring the Offer's success.
Investment Opportunities Ahead
This Offer for Subscription provides potential investors with a unique opportunity to participate in the growth of Foresight Technology VCT PLC. Full details, including the Registration Document and accompanying Securities Note, outline the specific terms and conditions involved. All of these documents serve the purpose of guiding potential investors through the Offer process.
Accessing the Prospectus
The Prospectus has been made available as of the publication date and provides thorough information regarding the Offer. These documents can be obtained from the promoter's offices as well as through their official website. This initiative promotes transparency and accessibility for all interested stakeholders, ensuring that investors are well-informed about their investment choices.
Contact Information for Investors
For anyone seeking additional information about this Offer and the details surrounding it, they are encouraged to reach out to the Company Secretary at Foresight Group LLP. Gary Fraser can be contacted directly by phone, making it simple for parties to clarify any queries they may have about the Offer or the investment process.
Frequently Asked Questions
What is the purpose of the prospectus published by Foresight Technology VCT PLC?
The prospectus outlines an Offer for Subscription intended to raise funds for investment opportunities.
When does the Offer close for subscriptions?
The Offer closes on specific dates in early 2025, with earlier closure if fully subscribed.
Is there a discount available for early applicants?
Yes, an Early Bird Discount of 1% is available for applications received by a specified deadline.
Who is responsible for promoting this Offer?
Foresight Group Promoter LLP has been appointed as the promoter for this Offer, acting as an associate of the Company's manager.
Who can potential investors contact for more information?
Interested parties can contact Gary Fraser, the Company Secretary at Foresight Group LLP, for additional details about the Offer.
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