Publication of a New Prospectus by Foresight Ventures VCT PLC
FORESIGHT VENTURES VCT PLC
With an unwavering commitment to providing investment opportunities, Foresight Ventures VCT PLC is proud to announce the publication of its latest prospectus. In line with its strategic objectives, the Company aims to raise a total of up to £10 million through an Offer for Subscription. Additionally, there is a provision for an over-allotment facility of up to an additional £5 million, structured through issues of ordinary shares, with a nominal value of 1p each.
Offer Details and Related Transactions
The Offer, which is now officially open, marks a significant step for the Company. As detailed in the announcement made previously, the Board is excited about this opportunity. The terms have been set carefully to ensure fairness and transparency. Foresight Group LLP serves as the promoter of this Offer. Due to its role as the investment manager of the Company, it is classified as a related party under the UK Listing Rules, thus making this appointment a related party transaction.
The Promoter will earn a fee of up to 4.5% based on amounts subscribed by individual investors under the Offer. The Board, having received advice from SPARK Advisory Partners Limited, is confident that these terms reflect a fair deal for shareholders.
Investment Timeline and Early Bird Discounts
The Offer is set to close on 31 March for the 2025/26 tax year and 30 April for the following tax year, unless the Offer is fully subscribed earlier. It can also be extended at the Board’s discretion if deemed necessary. Importantly, an Early Bird Discount is available for applications received by 12 noon on 31 December 2025, providing investors with a chance to discount the Promoter's initial fee by 1.5%.
Accessing the Prospectus
For potential investors and stakeholders eager to access detailed information, full particulars regarding the Offer will be encapsulated in the Securities Note, Registration Document, and Summary. These documents, which collectively form the complete Prospectus in accordance with the UK Prospectus Regulation, will be available starting today.
Participants can find the documents available at the Promoter's offices and through the dedicated website: foresight.group.
Moreover, a copy of the Prospectus has been submitted to the Financial Conduct Authority and will soon be accessible for inspection at the National Storage Mechanism, ensuring transparency and regulatory compliance. For those wishing to review the documents, they can visit: data.fca.org.uk.
Contact Information for Investors
For any inquiries or further clarification, interested parties are encouraged to reach out to the Company Secretary, Stephen Thayer. He is available to answer any questions regarding the Offer and can be contacted via telephone at 020 3667 8100.
Frequently Asked Questions
What is the purpose of the newly published prospectus?
The prospectus is published to facilitate an Offer for Subscription aimed at raising up to £10 million, with a potential for additional funding.
Who is promoting the Offer?
Foresight Group LLP has been appointed as the promoter of the Offer and functions as the Company’s investment manager.
Are there any discounts available for early applicants?
Yes, there is a 1.5% Early Bird Discount for applications submitted by 12 noon on 31 December 2025.
How long will the Offer be open for subscription?
The Offer will remain open until 31 March 2026 for the 2025/26 tax year and until 30 April 2026 for the following tax year or until fully subscribed.
Where can I find the full details of the Prospectus?
The full details will be available on the Promoter's website and at the offices of the Promoter, in compliance with regulations.
