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Foresight 4 VCT ( (GB:FTF) ) just unveiled an announcement.
Foresight Enterprise VCT plc has issued 1,788,079 new ordinary shares at prices based on an unaudited net asset value of 49.60 pence per share, raising approximately £922,000 in gross proceeds as part of its ongoing capital-raising strategy. Application has been made for the new shares to be admitted to the FCA’s Official List and to trading on the London Stock Exchange.
With this latest allotment, the company now has 390,168,331 ordinary shares in issue and has allotted a total of 77,733,570 shares under its current offer for subscription. The offer has now closed, having raised gross funds of £40.0 million, or £38.6 million after expenses, strengthening the VCT’s resources for further investment in its target portfolio of growth companies and potentially enhancing diversification for existing shareholders.
More about Foresight 4 VCT
Foresight Enterprise VCT plc is a UK-listed venture capital trust that invests in a portfolio of smaller, growth-focused companies, offering investors exposure to early-stage and scaling businesses with the benefit of VCT tax incentives. Its shares trade on the London Stock Exchange, and it raises capital periodically through subscription offers to expand its investment capacity.
Average Trading Volume: 17,119
Technical Sentiment Signal: Strong Buy
Learn more about FTF stock on TipRanks’ Stock Analysis page.