Foresight Ventures VCT Allocates New Shares to Investors
Exciting Developments at Foresight Ventures VCT PLC
Foresight Ventures VCT plc is a notable player in the investment scene, constantly adapting to market conditions and investor needs. Recently, the Company took a significant step by allotting new shares as part of their ongoing Offer for Subscription. This move is aimed at providing investors with accessible opportunities to engage with the Company and its growth strategy.
Details on the Allotment of Shares
In precise accordance with the terms outlined in their Offer for Subscription, dated in 2024, Foresight Ventures VCT allotted an additional 451,131 Ordinary Shares. This allotment reflects the Company’s commitment to expanding its reach and providing support to its investors. The shares were allotted on an attractive range of offer prices, allowing diverse participation from both seasoned and new investors.
Pricing and Value Insight
The shares were issued at prices ranging from 92.70p to 98.62p, based on an unaudited net asset value of 92.70p per share. This pricing strategy is designed to offer a fair entry point for current and potential investors alike, reflecting both the asset value and market dynamics.
Admission to Trading
Alongside the allotment, Foresight Ventures VCT has made an application for the admission of these new shares to the Official List of the FCA. They are also slated for trading on the London Stock Exchange. This is set to occur around the 20th of June, marking another step in the Company’s trajectory of growth and transparency in the marketplace.
Impact on Total Issued Shares
Following this latest allotment, the total number of shares allotted under the Offer has reached 3,151,174 Ordinary Shares. The increase in the number of shares reflects Foresight's ongoing success and dedication, as the Company now boasts a total of 107,633,505 Ordinary Shares currently in issue. This growth serves to enhance the Company's profile and reinforce investor confidence.
Contact and Further Information
For those interested in learning more or investing in Foresight Ventures VCT, the Company has made provisions for easy access to their investor relations and company secretary. Stephen Thayer, the Company Secretary, can be reached at 0203 667 8100 for general queries. Meanwhile, Andrew James from Investor Relations is available at the same contact number, ready to assist potential investors with their inquiries. Both are invaluable resources for individuals looking to deepen their understanding of Foresight's strategies and upcoming activities.
Frequently Asked Questions
What is the significance of the recent share allotment by Foresight Ventures VCT?
The recent share allotment allows for increased investment opportunities and demonstrates the Company's growth strategy, enhancing its market standing.
How many shares have been allotted in total under the Offer?
So far, a total of 3,151,174 Ordinary Shares have been allotted under the Offer, indicating strong investor interest.
Who can I contact for more information about investing?
For further inquiries, you can reach Stephen Thayer at 0203 667 8100 for general questions, or Andrew James for investor relations information.
What are the price ranges for the newly allotted shares?
The new shares were issued at prices ranging from 92.70p to 98.62p, reflecting the Company’s asset value and market conditions.
When will the new shares be available for trading?
The shares are expected to be admitted to trading on the London Stock Exchange around the 20th of June.
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