FTSV Foresight Solar & Technology Vct Plc

 
TIDMFTSV 
 
   Foresight Solar & Technology VCT plc - Publication of Prospectus 
 
   Foresight Solar & Technology VCT plc ("Company") 
 
   Publication of a Prospectus 
 
   The board of the Company ("Board") is pleased to announce the 
publication of a prospectus relating to an Offer for Subscription to 
raise in aggregate up to GBP20 million (with an over-allotment facility 
for up to an additional GBP10 million) by issues of Foresight Williams 
Technology Shares ("FWT Shares") ("Offer"). 
 
   Related party transaction 
 
   Foresight Group Promoter LLP (the "Promoter") has been appointed as 
promoter of the Offer under the terms set out below and the Promoter, as 
an agent and associate of the Company's manager Foresight Group LLP, is 
regarded as a related party of the Company under the Listing Rules, 
therefore the terms of this appointment constitute a related party 
transaction under rule 11.1.10 of the Listing Rules. Pursuant to an 
agreement dated 30 December 2020 relating to the Offer between, among 
others, the Company and the Promoter, the Promoter will receive a fee of 
an amount up to a maximum of 5.5% (and capped at GBP1.35 million) of the 
amount subscribed under the Offer by Investors for acting as promoter of 
the Offer. 
 
   Further Information 
 
   The Offer is now open and will close on 1 April 2021 for the 2020/2021 
tax year and 29 December 2021 for the 2021/22 tax year or earlier if the 
Offer is fully subscribed or otherwise at the Board's discretion. 
 
   Full details of the Offer will be set out in the Registration Document, 
Summary and Securities Note which together comprise a Prospectus in 
accordance with the Prospectus Regulation, and which is published as at 
today's date.  All documents comprising the Prospectus will be available 
from the offices of the Promoter and the following website: 
https://www.globenewswire.com/Tracker?data=Ja27JDOllHtyhrr8aNnsWM2_sjCo8lQroagO5E-YoYiCD-zAdtMwNG0c3BUbJQuYHZ6ajPLkjoq6T-xJwFuVGeKoWy7zgVfRuE9rNwGzyyAGJxyhfAzMsu9QcdGU0eBUX0PApCB9rCcYKs1TRh6YL-jd9OHEfAA2xZYovbvP50W3RoyNYUruVLT0U6gmw1eqgkklMZevBeWlXKyPAbxbh1CXlu6-Ud3usnFvfML3pS1hXHl5HsJ1OQE8SjWUXG9aSSQW3n2i86nOFc390UefBqZ10ntuTfc1hdN4Kbmo4Rc= 
http://www.foresightgroup.eu. 
 
   A copy of the Prospectus has also been submitted to the Financial 
Conduct Authority and will be shortly available for inspection on both 
the Promoter's website (www.foresightgroup.eu) as well as at the 
National Storage Mechanism 
https://www.globenewswire.com/Tracker?data=Ja27JDOllHtyhrr8aNnsWEAmlAKpbSDLKJdKwtvDdaQl6MzDS5rqmrRWCzI8ro4r_kk6L42pWW1cNt8kTC2-HheM3p7NH6ch_F8cl9MOk01Ms4HHddO-MfaWRfRNqXUDYV4I_GgaxWWl_zmiYfuIbjm5lEVeCBbQQGurnfxsc3wgEa6D2ArGAr2yr9NUHbz2 
https://data.fca.org.uk/#/nsm/nationalstoragemechanism. 
 
   For further information, please contact: 
 
   Gary Fraser 
 
   Foresight Group 
 
   Telephone: 020 3667 8181 
 
 
 
 

(END) Dow Jones Newswires

December 30, 2020 07:22 ET (12:22 GMT)

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