Understanding Total Voting Rights and Share Overview at Foresight Technology
Total Voting Rights and Share Structure
FORESIGHT TECHNOLOGY VCT PLC
LEI: 21380013CXOR8N6OD977
Understanding company shares is essential for investors. As of the most recent update, Foresight Technology VCT PLC has a total of 44,743,487 FWT Shares. Additionally, there are 34,046,589 non-voting Deferred Convertible Preference Shares issued by the company.
Importance of Total Voting Rights
Shareholders should be aware of the total voting rights available to them. The company's current total voting rights stand at 44,743,487. This number is crucial as it serves as the benchmark for shareholders when they assess their requirement to notify any changes in their holdings. Such notifications are governed by the FCA's Disclosure Guidance and Transparency Rules.
What Are Voting Rights?
Voting rights are the privileges granted to shareholders to vote on important company matters, including board elections and significant business decisions. In this case, Foresight Technology's voting shares give their holders the ability to influence key operations within the company.
Understanding Non-Voting Shares
The existence of non-voting Deferred Convertible Preference Shares means that not all shares provide the same level of influence. While these shares offer certain financial benefits, they do not grant voting powers, making the FWT Shares the more significant option for those wishing to partake in decision-making.
Shareholder Responsibilities
It's important for shareholders to monitor their holdings in relation to the total voting rights available. Each shareholder is responsible for ensuring they disclose any changes in their share interests promptly to comply with regulatory requirements.
Company Contact Information
All inquiries regarding voting rights and shares at Foresight Technology can be directed to the Company Secretary, Stephen Thayer, at 0203 667 8100. Open communication ensures that shareholders make informed decisions regarding their investments.
Frequently Asked Questions
What are total voting rights?
Total voting rights refer to the total number of shares that allow their holders to vote on corporate matters.
Why are non-voting shares issued?
Non-voting shares are often issued to raise capital without diluting the voting power of existing shareholders.
How do I know if I need to notify changes in my shares?
Shareholders should refer to the FCA's Disclosure Guidance and Transparency Rules to understand their notification responsibilities.
Who should I contact for more information?
For inquiries, contact Stephen Thayer, the Company Secretary, at 0203 667 8100.
What are the implications of having non-voting shares?
Holding non-voting shares limits a shareholder's ability to influence company decisions, which may affect their investment strategy.
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