FTV Foresight Vct Plc

 
TIDMFTV 
 
 
   FORESIGHT VCT PLC (Company) 
 
   Increase in Offer Shares 
 
   The Company issued a prospectus dated 28 January 2020 (Prospectus) 
relating to an offer for subscription to raise up to GBP20 million, with 
an over-allotment facility to raise up to a further GBP5 million (Offer), 
through the issue of ordinary shares of 1p each in the capital of the 
Company (Offer Shares). The Company announced utilisation of the 
over-allotment facility on 13 March 2020. 
 
   The Company announces an increase to the maximum number of Offer Shares 
available under the Offer from 32.5 million to 34.5 million (Increase). 
The increase is to accommodate the additional number of Offer Shares 
required to raise the aggregate amount of GBP25 million originally 
sought under the Offer as a result of Offer Shares being issued at the 
lower NAV per Share announced on 27 March 2020, which reflected 
valuation reductions generally across the investments in the portfolio 
as a result of the market volatility arising from the impact of the 
Coronavirus (Covid-19) pandemic affecting all businesses including those 
in which the Company invests. 
 
   For further information please contact: 
 
   Company Secretary 
 
   Foresight Group LLP 
 
   Contact: Gary Fraser Tel: 0203 667 8100 
 
   Investor Relations 
 
   Foresight Group LLP 
 
   Contact: Ellie Kakoulli Tel: 0203 667 8181 
 
 
 
 

(END) Dow Jones Newswires

April 21, 2020 07:26 ET (11:26 GMT)

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