Foresight VCT PLC Expands with New Ordinary Shares Allotment

Author: Dylan Bailey Updated: 03-14-2025 05:18 AM

Significant Allotment of Equity by Foresight VCT PLC

Foresight VCT PLC is excited to share some news regarding their recent allotment of equity that showcases the company's ongoing commitment to growth and shareholder value. The recent issuance of 101,337 Ordinary Shares at 1p each occurred as part of a larger funding strategy. This action, taken by the Board of Foresight VCT PLC, is part of the offer for subscription outlined in their prospectus.

Details of the Share Allotment

The Board has successfully completed the allotment on 13 March 2025, utilizing the latest net asset values published. The shares have been issued at a range between 81.80 pence to 87.50 pence, reflecting a robust valuation and investor interest. Such price ranges indicate confidence and stable valuations within the context of market dynamics.

Admission to Official List

With the allotment in place, steps have been taken to ensure these new shares are admitted to the Official List of the Financial Conduct Authority. Anticipated trading on the London Stock Exchange plc’s market is scheduled to commence around 17 March 2025, paving the way for integrated trading activity alongside existing shares.

Total Shares Allotted Under Offer

To date, Foresight VCT PLC has allotted a remarkable 29,484,950 Ordinary Shares under the current offer. Following this latest allotment, the company reports that there are now a total of 301,264,203 Ordinary Shares of 1p each in issue. This expansion not only enriches the Company's capital standing but also reinforces its strategic growth objectives.

Importance of Expanding Equity

Increasing the number of shares available not only diversifies ownership but also allows Foresight VCT PLC to raise more capital for future investments. This strategy can attract further investors who are keen on participating in the growth story of Foresight VCT PLC and its commitment to value generation.

Contact for Further Information

For those seeking further clarification or details regarding this allotment, please feel free to reach out to Gary Fraser at Foresight Group via the phone number 020 3667 8181. He will be available to provide insights into this strategic move and what it means for the future of the company.

Frequently Asked Questions

What is the recent allotment of ordinary shares by Foresight VCT PLC?

Foresight VCT PLC has recently allotted 101,337 ordinary shares to enhance its capital structure.

What price range were the new shares issued at?

The shares were issued at a price range of 81.80 pence to 87.50 pence each.

When will the new shares start trading?

The new shares are expected to be admitted to trading on or around 17 March 2025.

How many shares has Foresight VCT PLC allotted to date?

To date, the company has allocated a total of 29,484,950 ordinary shares under the current offer.

Who can be contacted for more information?

Gary Fraser from Foresight Group can be contacted at 020 3667 8181 for additional information.

About The Author

My name is Dylan Bailey, and I am 28 years old. I am an author and an expert on the stock market who specializes in publicly traded companies. Early fascination with the stock market inspired me to seek a finance degree and then delve deeply into the world of stocks. I have developed over the years my abilities to spot investment prospects, assess business performance, and analyze market trends.

My books and articles try to help regular investors understand the nuances of the stock market. Anyone can, in my opinion, make wise investment choices and succeed financially if they have the correct information and resources. In my writing, I combine in-depth research with practical insights and advice that can be put into action. This is done with the intention of assisting readers in navigating the constantly shifting landscape of publicly traded companies.

In addition to writing, I also host webinars and workshops, where I give presentations and share my knowledge with a wider audience. I also write for top financial journals and show up as a guest analyst on financial news shows. I like to travel, spend time with my family, and keep active by playing different sports when I'm not buried in market research.

My goal is to enable people to choose wisely and consciously in their investments, so taking charge of their financial futures. By my work, I hope to create a community of informed and self-assured investors prepared to take advantage of the chances presented by the stock market.

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