Foresight Ventures VCT PLC Announces Significant Share Allotment
Foresight Ventures VCT PLC Makes New Allotments of Shares
The Board of Foresight Ventures VCT PLC is excited to share recent updates on their share allotment as part of a strategic move to enhance shareholder value. Following the successful Offer for Subscription initiated in the past, the company has acquired a significant increase in its share capital.
Details on the Share Allotment
According to the latest announcement, the company has successfully allotted 1,809,712 Ordinary Shares, each having a nominal value of 1p, at market prices ranging from 96.50p to 103.77p. This allotment was made considering the most recent audited net asset value (NAV) per share, which stands at 96.50p. This figure has been adjusted following a dividend payment from earlier this month.
Upcoming Admission to Trading
Foresight Ventures has filed for the admission of these newly allotted shares to the Official List of the Financial Conduct Authority (FCA). The shares are expected to start trading on the London Stock Exchange’s market for listed securities shortly. This step is crucial as it brings more transparency and accessibility to both current and potential investors.
Current Total Share Allotment
With the recent issuance of shares, the total number of Ordinary Shares allotted under the current offer has now reached 2,700,043. Following this latest allotment, the company currently issues a total of 107,182,374 Ordinary Shares. These figures are indicative of the company's ongoing commitment to increasing equity and supporting future growth.
Company Contacts for More Information
Should you require additional information or assistance regarding this announcement, please do not hesitate to reach out to the respective contacts:
Company Secretary
Foresight Group LLP
Contact: Stephen Thayer
Tel: 0203 667 8100
Investor Relations
Foresight Group LLP
Contact: Andrew James
Tel: 0203 667 8181
Frequently Asked Questions
What recent actions has Foresight Ventures VCT PLC taken?
Foresight Ventures has announced the allotment of 1,809,712 new Ordinary Shares as part of their ongoing Offer for Subscription.
What is the significance of the current share allotment?
This allotment represents a substantial increase in shareholder equity, providing additional capital for future growth and investment opportunities.
When will the new shares begin trading?
The newly allotted shares are expected to be trading on the London Stock Exchange around 7 April 2025.
How many total shares are there after the recent allotment?
After the latest allotment, Foresight Ventures now has a total of 107,182,374 Ordinary Shares issued.
Who can I contact for more information regarding Foresight Ventures?
For inquiries, you can contact Stephen Thayer for company matters or Andrew James for investor relations at Foresight Group LLP.
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