Foresight Technology VCT's Strategic Share Buyback Announcement
Foresight Technology VCT's Share Buyback Update
FORESIGHT TECHNOLOGY VCT PLC
LEI: 21380013CXOR8N6OD977
Key Details of the Purchase
The Board of Foresight Technology VCT plc has informed stakeholders about a recent buyback transaction. On 22 August, the Company purchased 324,599 FWT shares at a gross price of 86.83p each for cancellation. This strategic move reflects the Company's commitment to enhancing shareholder value.
Current Capital Structure
This transaction has implications for the Company's capital structure. Following the buyback, Foresight Technology VCT plc now has a total of 44,743,487 FWT shares outstanding. Additionally, there are 34,046,589 non-voting Deferred Convertible Preference Shares. It's essential to note that the Company holds no shares in Treasury, which directly influences the number of voting rights available to shareholders.
Voting Rights Information
The total number of voting rights after this transaction stands at 44,743,487. Shareholders can utilize this figure to assess their ownership stakes and obligations under the relevant regulatory frameworks. It serves as a significant benchmark when determining if they need to notify changes in their interests concerning Foresight Technology VCT plc.
Transparency and Regulatory Compliance
Foresight Technology VCT plc has confirmed that all inside information available to directors prior to this share buyback was publicly disclosed. This proactive approach ensures compliance with the Financial Conduct Authority's (FCA) regulations, safeguarding investor interests and upholding market integrity.
Contact Information
For further inquiries regarding this transaction or any other Company matters, please reach out to:
Company Secretary
Stephen Thayer, Foresight Group
Telephone: 020 3667 8100
Frequently Asked Questions
What is the significance of the share buyback by Foresight Technology VCT?
The buyback aims to reduce shares in circulation, thereby enhancing shareholder value and demonstrating confidence in the company's prospects.
How many shares did Foresight Technology VCT purchase?
The Company purchased a total of 324,599 FWT shares for cancellation as part of this transaction.
What is the current number of voting rights for shareholders?
After the recent buyback, shareholders now have a total of 44,743,487 voting rights.
Who should I contact for more information?
For any queries, you can contact Stephen Thayer, the Company Secretary, at 020 3667 8100.
Does Foresight Technology VCT have any shares in Treasury?
No, the Company does not hold any shares in Treasury following this transaction.
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