Foresight VCT PLC Expands Equity with New Share Allotment
Foresight VCT PLC Announces New Share Allotment
Foresight VCT PLC
LEI: 213800GNTY699WHACF46
In a significant move for equity enhancement, Foresight VCT PLC has recently announced the allotment of ordinary shares under its Dividend Reinvestment Scheme. This decision underscores the company's commitment to growth and providing value to its investors.
Details of the Share Allotment
On May 9, 2025, the Board of Foresight VCT PLC issued a total of 4,443,562 ordinary shares, each valued at 1p. The shares were allotted at an attractive price of 75.4p per share, reflecting the company's ongoing dedication to ensuring favorable terms for its shareholders.
Admission to Official List
The company has taken steps to ensure that these newly allotted shares will be officially recognized. An application has been submitted for the admission of these shares to the Official List maintained by the UK Listing Authority. Additionally, the shares will be available for trading on the London Stock Exchange plc’s market for listed securities, with an anticipated admission date around 13 May 2025.
Current Share Count and Market Presence
With the recent allotment, Foresight VCT PLC now boasts a total of 306,021,448 ordinary shares in circulation. This increase not only boosts the company's market presence but also signals growing investor interest and confidence in Foresight VCT PLC, cementing its position within its sector.
Contact Information
For those interested in learning more about these developments or the company’s strategies, please feel free to reach out to:
Gary Fraser at Foresight Group: 020 3667 8100.
Frequently Asked Questions
What led to the recent share allotment by Foresight VCT PLC?
The recent share allotment was part of the company’s Dividend Reinvestment Scheme, aimed at increasing equity and providing value to its shareholders.
What is the price at which the new shares were allotted?
The shares were allotted at a price of 75.4p each, allowing shareholders to reinvest their dividends at a favorable rate.
When will the new shares be available for trading?
The shares are expected to be available for trading around May 13, 2025, following their admission to the Official List.
How many shares are currently in circulation for Foresight VCT PLC?
Following the recent allotment, Foresight VCT PLC has a total of 306,021,448 ordinary shares issued.
Who can potential investors contact for more information?
Potential investors can contact Gary Fraser at the Foresight Group for further inquiries and detailed information.
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