FWT SHS 1P Publication Of Prospectus
September 06 2023 - 11:22AM
UK Regulatory
TIDMFWT
FORESIGHT TECHNOLOGY VCT PLC ("Company")
Legal Entity Identity number: 21380013CXOR8N6OD977
Publication of Prospectus
Publication of a Prospectus
Further to the announcement dated 1 August 2023, the board of
the Company (the "Board") is pleased to announce the publication of
a prospectus relating to an Offer for Subscription to raise in
aggregate up to GBP15 million (with an over-allotment facility for
up to an additional GBP10 million) by issues of FWT Shares (the
"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 6 September 2023
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 GBP1.14 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 3 April 2024 for the
2023/24 tax year and 30 April 2024 for the 2024/25 tax year or
earlier if the Offer is fully subscribed or otherwise at the
Board's discretion.
The Board is pleased to announce that there is an Early Bird
Discount available on all applications received by 12 noon on 1
December 2023, discounting the Foresight Initial Charge by 1%.
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=SYYnsXzWQ_nPM72tfPrutfCYINsjZKkeJTqkMWDZQIOq5-bRwVU_kdP4zOiy42MXv3QvCNk6Bs9HxA8rVdk7Ohn2CpeFsZDMnZPdp4hgzaS22HC0WM4AFJQgmKbP9k-JTRJgCkrS8tqeG-cZZCAJWeij4FIx_Ek2VCzSd3t2SNsxXV6LjmDLfipGRDAgN4ut9a9F6eksWzmM6tk-QicqQz4qYdzIzEqhU8MW0W91fiMYNmezz4zkwTgNC6Udj9Lt
https://www.foresightgroup.eu/products/foresight-technology-vct-plc-fwt-shares
A copy of the Prospectus has also been submitted to the
Financial Conduct Authority and will also shortly be available for
inspection at the National Storage Mechanism:
https://www.globenewswire.com/Tracker?data=SYYnsXzWQ_nPM72tfPrutXuWemTLeMVJDCylDJPM_ktDbcPrQekGSk7WQAiAIwlgAYjvuBs0Dmx4MdoWqrt-vxOyBhrEiygTpI5cW3rFppOQfC2wCgZsC-_pZ_nQ9eyxpr-X-P7VuJnwzbinoPBAcEAhzOl88E8NY-aIuyyGtCV0aHZLsROUrUIVWmByIX3IbihfprbC7dut0GlxK2CPN0iEWzfiG0pBBaQ3P1UOhmfGvPwillhiuEf5nbVbwRz0tEdHOa5e_yKH5G5a8xd49CdH6YlxWhhv5lHtR1oe13WJ_fU_sG6F4Gh6KJz7TknzlV3496sN8dwwei-O6527a9D45Svie41EHwUfbSvDOJSMG41cORMPJXVkzyaZS-9nnSk0IhYLaEA-L6ngeso6kdKIXG7h8fm7CUq1WkYsWtQ=
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
For further information, please contact:
Company Secretary
Foresight Group LLP
Contact: Gary Fraser Tel: 0203 667 8181
(END) Dow Jones Newswires
September 06, 2023 12:22 ET (16:22 GMT)
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