Foresight VCT Announces Significant Share Allotment Details
Significant Allotment of Shares from Foresight VCT
Foresight VCT PLC
LEI: 213800GNTY699WHACF46
The Board of Foresight VCT PLC is excited to share that it has successfully allotted 313,683 Ordinary Shares of 1p each. This allotment comes as part of the ongoing offer for subscription described in the prospectus issued in December. The shares were issued at an attractive offer price based on an unaudited net asset value, ranging from 83.50 pence to 85.70 pence.
The Impact of the Allotment
This strategic allotment has significantly contributed to the company’s overall equity, bringing the total number of shares issued under the Offer to 29,798,633. Following this latest issuance, the total number of Ordinary Shares now stands at 301,577,886. This increase not only reflects the strong demand for Foresight VCT’s shares but also aligns with the company’s growth strategies in the market.
Future Listings and Trading
Application has been made to list these newly issued shares on the Official List maintained by the Financial Conduct Authority. They will also be available for trading on the London Stock Exchange, marking a significant milestone for the company. The expected admission date is around mid-April, further enhancing the trading activity for Foresight VCT.
Closure of the Offer
Following the recent allotment, the Board has confirmed that the offer for subscription is now closed. All valid applications that were submitted by the deadline have been successfully processed, and shares have been allotted accordingly. This closure indicates the robust interest from investors and the confidence in the company's future prospects.
Investor Information
Investors seeking more information can reach out to Gary Fraser of Foresight Group at 020 3667 8181. The team is available to provide insights and additional details regarding the offer and current market performance.
Why Invest in Foresight VCT?
With Foresight VCT’s recent actions, including this significant share allotment, it emphasizes the company’s commitment to delivering value to its shareholders. The dynamics of the market alongside these strategic moves paint a promising picture for potential investors. The company’s proactive approach in enhancing its equity and ensuring compliance with regulatory standards speaks volumes about its operational integrity.
Frequently Asked Questions
What does the recent share allotment mean for Foresight VCT?
The share allotment enhances the company's equity, reflecting strong investor interest and supporting future growth initiatives.
When will the new shares be available for trading?
The shares are expected to be admitted to the London Stock Exchange approximately in mid-April.
Who can investors contact for more information?
Investors can reach Gary Fraser at Foresight Group for any inquiries regarding share allotments and investments.
How many total shares are now in issue for Foresight VCT?
After the recent allotment, there are now 301,577,886 Ordinary Shares of 1p each in issue.
Is the offer for subscription still open?
No, the offer for subscription has now closed, and all valid applications have been processed.
About The Author
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