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Foresight Ventures VCT PLC Announces Share Repurchase and Update on Voting Rights
ByAinvest
Wednesday, Mar 12, 2025 12:02 pm ET1min read
Foresight Ventures VCT plc announces the purchase of 1,365,830 ordinary shares at 94.09 pence per share for cancellation. Following this transaction, the company's capital consists of 106,082,298 ordinary shares with 106,082,298 voting rights attached. The total number of voting rights in the company's shares is 106,082,298, which may be used by shareholders to determine if they are required to notify their interest in the company under the FCA's Disclosure and Transparency Rules.
Foresight Ventures VCT Plc (LSE: FVV), a venture capital trust (VCT) focused on investing in small and medium-sized enterprises (SMEs), recently announced the purchase of 1,365,830 ordinary shares for cancellation [1]. This transaction reduces the company's capital to 106,082,298 ordinary shares with 106,082,298 voting rights attached.According to the company's latest announcement, the purchase was made on February 3, 2025, at a price of 94.09 pence per share [1]. This transaction comes after Foresight Ventures VCT completed a merger with Thames Ventures VCT 2 plc in November 2024 [2].
The merger, carried out by way of a scheme of reconstruction and winding up under section 110 of the Insolvency Act 1986, resulted in the issuance of new ordinary shares to the shareholders of Thames Ventures VCT 2 plc in exchange for their shares [2]. The total number of ordinary shares issued to Thames Ventures VCT 2 plc shareholders was not disclosed in the provided information.
Following the recent share purchase, the total number of voting rights in Foresight Ventures VCT Plc's shares is now 106,082,298. This figure may be used by shareholders to determine if they are required to notify their interest in the company under the Financial Conduct Authority's (FCA) Disclosure and Transparency Rules [1].
References:
[1] Foresight Ventures VCT Plc. (2025, February 4). Transaction in Own Shares. Retrieved from https://www.globenewswire.com/news-release/2025/02/04/3020097/0/en/Transaction-in-Own-Shares.html
[2] Foresight Ventures VCT Plc. (2024, November 15). Merger Results and Redesignation of Shares. Retrieved from https://www.globenewswire.com/news-release/2024/11/15/2982141/0/en/Merger-Results-and-Redesignation-of-Shares.html
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