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Foresight VCT PLC Launches New Over-Allotment Offering

Foresight VCT PLC Launches New Over-Allotment Offering

Foresight VCT PLC Introduces Over-Allotment Facility

FORESIGHT VCT PLC
Legal Entity Identity number: 213800GNTY699WHACF46

Details of the Subscription Offer

The Company recently issued a new prospectus that outlines an enticing opportunity for potential investors. This initiative is designed to raise up to £20 million with an additional over-allotment facility capable of securing a further £5 million. These funds will be acquired through the issuance of new ordinary shares of £0.01 each. The prospectus elaborates on important aspects of the offering, such as the expected timeline for participating in the 2024/2025 and 2025/26 tax years.

Implementing the Over-Allotment Facility

To address heightened demand for subscriptions, the Board of Directors has opted to exercise the over-allotment facility outlined in the prospectus. This strategic move aims to facilitate an additional £5 million in funding, with the intention of executing the first subscription allotment in January of the following year. The offer will remain open until the end of April in 2025, unless the funds are fully subscribed prior to this deadline, or if the Board decides otherwise.

How to Get More Information

If you’re interested in learning more about this investment opportunity, don’t hesitate to reach out directly to the Company. The Company Secretary at Foresight Group LLP, Gary Fraser, is available for inquiries at 0203 667 8100. For those looking for insights on investor relations, Andrew James from the same firm can be contacted at 0203 667 8181.

Frequently Asked Questions

What is the purpose of the over-allotment facility?

The over-allotment facility allows Foresight VCT PLC to raise additional funds up to £5 million to accommodate higher demand for shares.

How much can be raised through the offer?

Foresight VCT PLC aims to raise a total of up to £20 million, with the option for an additional £5 million through the over-allotment facility.

When will the first allotment under the facility occur?

The first allotment under the over-allotment facility is set to take place in January of the upcoming year.

Until when will the offer remain open?

The offer will be available until 30 April 2025, or until fully subscribed before this date.

How can I contact the company for more information?

You can contact Gary Fraser, Company Secretary, at 0203 667 8100 or Andrew James from Investor Relations at 0203 667 8181.

About The Author

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