Strategic Share Buyback by Foresight Technology VCT PLC
FORESIGHT TECHNOLOGY VCT PLC
LEI: 21380013CXOR8N6OD977
The Board of Foresight Technology VCT plc has embarked on a strategic move to enhance its market dynamics. Recently, the Company executed a buyback, acquiring 35,274 of its FWT shares at a gross price of 87.88p each. This transaction occurred on the 24th of September.
Impact on Capital Structure
Following the buyback, Foresight Technology VCT plc’s capital is structured as follows: 44,708,213 FWT shares, alongside 34,046,589 non-voting Deferred Convertible Preference Shares. It’s noteworthy that the Company holds no shares in Treasury.
Voting Rights Update
The total voting rights now stand at 44,708,213. Shareholders should consider this figure when calculating if they need to notify any changes in their interests in Foresight Technology VCT plc as stipulated by the FCA’s Disclosure Guidance and Transparency Rules.
Transparency and Compliance
The Company has confirmed that all inside information available to its Directors was disclosed before executing the buyback. Thus, there were no restrictions on trading in its own securities, ensuring transparency and compliance with regulatory standards.
Enhancing Shareholder Value
This proactive measure of share repurchase underscores Foresight Technology VCT plc’s commitment to enhancing shareholder value and encouraging investor confidence in the Company’s direction.
Contact Information for Stakeholders
For any further inquiries or detailed information pertaining to the buyback, stakeholders can reach out to the Company Secretary, Stephen Thayer, at Foresight Group. The contact number is 020 3667 8100.
Frequently Asked Questions
What prompted Foresight Technology VCT PLC to buy back shares?
The buyback was part of a strategic initiative to enhance shareholder value and stabilize the market presence of the Company.
How many shares were repurchased during this transaction?
Foresight Technology VCT PLC repurchased 35,274 FWT shares at a gross price of 87.88p per share.
What is the current capital structure of Foresight Technology VCT PLC?
The Company now has 44,708,213 FWT shares and 34,046,589 non-voting Deferred Convertible Preference Shares in its capital structure.
Are there any voting rights changes after the repurchase?
Yes, the total number of voting rights is now 44,708,213, which shareholders can use for their calculations regarding interest notifications.
Who can I contact for more information regarding the transaction?
Stakeholders can contact Stephen Thayer, the Company Secretary, at 020 3667 8100 for further information.
