Foresight Ventures VCT Extends Offer Closing Date to 27 June 2025

Foresight Ventures VCT plc has extended the closing date for its £5m offer to 27 June 2025, from 30 April 2025. The over-allotment facility remains at a further £5 million. The board made the announcement after the initial closing date, which was on 11 October 2024.

Foresight Ventures VCT plc has announced an extension of its £5 million offer, pushing the closing date back to 27 June 2025 from the original 30 April 2025. The board made this decision following the initial closing date on 11 October 2024. The over-allotment facility remains at a further £5 million.

During the year ended 31 December 2024, the company reported a NAV Total Return per share of 69.9p, up by 6.6% compared to the previous year. This increase was driven by a series of investments and exits. Four new investments costing £8.4 million and six follow-on investments costing £6.0 million were made during the year. The company also fully exited its investments in Specac International Limited, Callen-Lenz Associates Limited, So-Sure Limited, and Crosstown Dough Ltd, realizing gains of £28.5 million and returning proceeds of £34.3 million to the company.

The value of the investment portfolio rose by £9.7 million during the year. The company paid special dividends totalling 12.1p per share, returning £32.1 million to shareholders. Additionally, an interim dividend of 3.3p per share was paid on 12 July 2024, returning £8.8 million to shareholders.

The extension of the offer comes amidst recent exits and provides investors with more time to consider participating in the subscription. The company has been active in its investment strategy, focusing on growing its portfolio and generating returns for shareholders.

[1] https://www.investegate.co.uk/announcement/gnw/foresight-enterprise-vct--ftf/final-results/8844259
[2] https://www.tradingview.com/news/reuters.com,2025-04-24:newsml_RSX0957Ga:0-reg-puma-alpha-vct-plc-issue-of-equity/