Foresight Technology VCT PLC: Recent Voting Rights Corrections
Foresight Technology VCT PLC
LEI: 21380013CXOR8N6OD977
Total Voting Rights - Correction
Foresight Technology VCT plc, hereafter referred to as the 'Company', wishes to address some corrections regarding the voting rights previously announced. These amendments pertain to the voting rights associated with the Deferred Convertible Shares, which do not carry voting privileges. Consequently, shareholders should consider the total number of voting rights exclusively for the FWT Share class when assessing their notification responsibilities under the FCA's Disclosure Guidance and Transparency Rules.
Current Voting Rights Details
As of today, there are 35,459,937 FWT Shares along with 34,046,589 non-voting Deferred Convertible Shares in circulation. Therefore, the total voting rights recognized by the Company amount to 35,459,937. Shareholders can utilize this figure as a benchmark for the calculations required to notify any changes in their interest in the Company, in compliance with FCA regulations.
Correction Announcements Timeline
The following timeline illustrates previous announcements made by the Company regarding voting rights:
Announcement on August 7, 2023
The Company disclosed that there were 25,419,835 FWT Shares and 34,046,589 non-voting Deferred Convertible Preference Shares in circulation as of July 31, 2023. Thus, the total voting rights reported was 25,419,835, which should have been considered for shareholder notifications.
Announcement on November 30, 2023
On this date, the Company updated its standing to reflect 27,338,866 FWT Shares alongside the same number of Deferred Convertible Shares. This suggested total voting rights of 27,338,866, available for shareholders as a basis for reporting any required interest changes.
Further Updates on December 29, 2023
By the end of December 2023, the Company conveyed that it had 28,313,945 FWT Shares issued, again with 34,046,589 non-voting Deferred Convertible Preference Shares. This led to an adjusted total voting rights figure of 28,313,945.
Key Voting Rights Figures to Note
Escalating through the timeline, the Company provided details on further voting rights:
February 29, 2024
The voting rights stood at 29,045,658 with continued report of 34,046,589 non-voting Deferred Convertible Shares.
March 28, 2024
By late March, the voting rights increased to 32,445,165, alongside the same number of non-voting shares.
April 30, 2024
As of this date, Foresight Technology VCT reported a total of 35,206,969 FWT Shares. This indicates the ongoing adjustments the Company is making regarding its shareholder voting framework.
Final Update on June 5, 2024
Lastly, shareholders were informed of a total of 35,459,937 FWT Shares and 34,046,589 non-voting Deferred Convertible Shares.
Contact Information
Should you have any inquiries, feel free to reach out to:
Gary Fraser, Foresight Group: 020 3667 8181
Frequently Asked Questions
What are the total current voting rights for Foresight Technology VCT PLC?
The total current voting rights for Foresight Technology VCT PLC stand at 35,459,937 as of the latest correction.
Why are some shares non-voting?
The Deferred Convertible Shares issued by the Company hold no voting rights, which is why they are not included in voting rights calculations.
How does the voting rights correction affect shareholders?
This correction allows shareholders to accurately determine their notification obligations regarding any changes to their interest in the Company.
Where can I find the latest updates on voting rights?
Shareholders are encouraged to monitor official announcements from Foresight Technology VCT PLC for the latest updates on voting rights.
Who can I contact for more information?
For further information, you can contact Gary Fraser at Foresight Group by dialing 020 3667 8181.
