Foresight Technology VCT PLC Secures Additional Equity Funding
Foresight Technology VCT PLC Strengthens Its Capital Base
Foresight Technology VCT PLC
LEI: 21380013CXOR8N6OD977
FWT Shares
The Board of Foresight Technology VCT PLC is thrilled to share exciting news regarding the latest equity capital raised through the Offer for Subscription. Recently, the company allotted an impressive 531,691 Foresight Williams Technology Shares (known as "FWT Shares") valued at 1p each. This allocation took place on a date notable for its strategic importance in the company’s growth trajectory.
Details of the Recent Share Allotment
As per the terms laid out in the offer, which was initiated earlier in the year, these FWT Shares were allotted at competitive prices ranging from 98.2p to 104.5p. This pricing reflects a solid unaudited net asset value of 98.2p for each share. These figures underline the confidence investors hold in the company’s future and financial health.
Significance of Admission to Trading
In line with its strategic objectives, application has been made for the admission of the newly allotted 531,691 FWT Shares to the Official List of the FCA and trading on the London Stock Exchange's market for listed securities. This step is anticipated to occur shortly, enhancing the liquidity and market visibility for the company.
Growing Shareholder Engagement and Confidence
The total number of shares allotted under the current Offer has now surpassed the 3 million mark, reaching a commendable total of 3,025,575 FWT Shares. This milestone signals the strong commitment from existing and new investors in the firm. Following this latest allotment, the total issued shares of FWT now stands at 38,455,512. This increase in equity positions the company well for future growth opportunities and market expansion.
Looking Ahead with Optimism
The leadership at Foresight Technology VCT PLC is optimistic about the opportunities ahead as they continue to explore new projects while leveraging their enhanced capital resources. The ongoing support from shareholders not only empowers the company to pursue innovative technologies but also strengthens its competitive edge in the marketplace.
For those seeking further clarity or details regarding this recent allotment or the company’s ongoing strategy, Gary Fraser from Foresight Group is available for inquiries at 020 3667 8181. Engaging with leadership is encouraged to understand the implications of this significant capital event.
Frequently Asked Questions
What is the significance of the recent share allotment by Foresight Technology VCT PLC?
The recent allotment of FWT Shares reflects strong investor confidence and enhances the company’s capital base, enabling further growth opportunities.
How many FWT Shares were allotted in the latest issuance?
A total of 531,691 FWT Shares were allotted in the recent issuance.
What is the price range for the newly allotted shares?
The shares were allotted at prices ranging from 98.2p to 104.5p based on the company’s net asset value.
When will the new shares be available for trading?
The shares are expected to be admitted to trading on the London Stock Exchange soon, enhancing market liquidity.
Who can I contact for more information about this announcement?
For more details, you can contact Gary Fraser at Foresight Group at 020 3667 8181.
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