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Foresight VCT plc – Increase in Offer Shares

Written by Customer Service on . Posted in Public Companies.

FORESIGHT VCT PLC (Company)Increase in Offer SharesThe Company issued a prospectus dated 28 January 2020 (Prospectus) relating to an offer for subscription to raise up to £20 million, with an over-allotment facility to raise up to a further £5 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 £25 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 SecretaryForesight Group LLPContact: Gary Fraser Tel: 0203 667 8100Investor RelationsForesight Group LLPEllie Kakoulli Tel: 0203 667 8181

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