On Thursday, Foresight Enterprise VCT PLC announced the allotment of 9,226,983 ordinary shares. The new shares were issued as part of an ongoing offer for subscription based on the company's prospectus from November 1, 2024. The shares, each with a nominal value of 1p, were allotted at prices ranging from 54.10 pence to 57.90 pence, reflecting the unaudited net asset value per share.
The company has sought admission for these shares to the Official List of the Financial Conduct Authority and anticipates trading on the London Stock Exchange (LON:LSEG)'s market for listed securities to commence on or around November 22, 2024. This recent allotment brings the total number of ordinary shares issued under the offer to 9,226,983.
As a result of this issuance, Foresight Enterprise VCT PLC now has a total of 273,625,343 ordinary shares of 1p each in issue. This marks a significant increase in the company's share capital and reflects its ongoing efforts to raise funds through the equity offer detailed in the prospectus.
The prospectus, which laid out the terms of the share offer, was issued on November 1, 2024. It outlined the conditions under which the shares would be issued, including the price range based on the company's net asset value. The successful allotment of shares indicates investor interest in the offer and the company's ability to raise capital as outlined in the prospectus.
For further information regarding the issue of equity, interested parties are directed to the company's official communications for details. This equity issue is part of Foresight Enterprise VCT PLC's strategy to expand its capital base and continue its growth trajectory.
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