Publication of Prospectus
September 06 2023 - 11:22AM
Publication of Prospectus
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 £15
million (with an over-allotment facility for up to an
additional £10 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 £1.14 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.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://data.fca.org.uk/#/nsm/nationalstoragemechanism
For further information, please contact: Company
Secretary Foresight Group LLP Contact: Gary Fraser Tel:
0203 667 8181
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