Foresight VCT PLC's Strategic Share Buyback Announcement
Foresight VCT PLC Announces Share Purchase
FORESIGHT VCT PLC
LEI: 213800GNTY699WHACF46
Foresight VCT PLC has recently made a significant move in their capital structure by purchasing shares for cancellation. On a recent transaction, the Company acquired 2,947,346 ordinary shares of 1p each at a gross price of 65.58p per share. This decision reflects the Company's commitment to enhancing shareholder value and optimizing its capital through well-strategized financial maneuvers.
Details of the Share Purchase
The purchase occurred on a day that was strategically chosen to align with market conditions and company objectives. Following this transaction, the total capital for Foresight VCT PLC now consists of 300,966,737 ordinary shares, with an equal number of voting rights attached. This transparency is crucial for all shareholders, as it serves as a fundamental aspect of corporate governance.
Implications for Shareholders
Foresight VCT PLC emphasizes that they hold no shares in Treasury, ensuring that the total number of available voting rights remains consistent at 300,966,737. This information is vital for shareholders, as it aids them in determining whether they need to notify any changes to their interests, per the FCA's Disclosure and Transparency Rules.
Compliance with Regulatory Standards
In making this purchase, Foresight VCT PLC adhered to all necessary compliance regulations set by the Financial Conduct Authority (FCA). The Company ensured that all inside information was publicly available prior to completing the shares' market purchase. This renders the dealings transparent and compliant, instilling confidence in their practices.
Enhancing Market Confidence
Such actions not only demonstrate Foresight VCT PLC's commitment to their shareholders but also enhance market confidence. By purchasing its own shares, the Company signals to the market its belief in its long-term value and growth prospects. This approach is generally viewed positively and can attract potential investors while reinforcing trust with current shareholders.
Contact Information for Stakeholders
For individuals seeking more information or clarification regarding this transaction, they can reach out directly to Stephen Thayer at Foresight Group via phone at 0203 667 8100. Engaging with stakeholders and maintaining open communication channels is a priority for the Company.
Frequently Asked Questions
What was the recent share purchase by Foresight VCT PLC?
Foresight VCT PLC purchased 2,947,346 ordinary shares of 1p for a gross price of 65.58p per share.
How many shares are outstanding after the purchase?
Following the purchase, Foresight VCT PLC has 300,966,737 ordinary shares outstanding, all of which have voting rights.
What does it mean to have shares in Treasury?
Shares held in Treasury are company shares that are not available to the public and do not carry voting rights. Foresight VCT PLC currently does not hold any Treasury shares.
Why is compliance with FCA regulations important?
Compliance with FCA regulations ensures transparency, protecting both the company and its shareholders by ensuring fair market practices.
Who can I contact for more information?
For more information, you can contact Stephen Thayer at Foresight Group at 0203 667 8100.
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