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Foresight 4 VCT ( (GB:FTF) ) has issued an update.
Foresight Enterprise VCT plc has expanded its share capital by allotting 12,722,832 new ordinary shares of 1p each under its current offer for subscription, raising approximately £6.6 million in gross proceeds at prices based on an unaudited net asset value of 49.60 pence per share. The new shares, which bring total shares allotted under the offer to 73,694,155 and increase the company’s overall share count to 386,128,916, are expected to be admitted to the FCA’s Official List and to trading on the London Stock Exchange, supporting the VCT’s capacity to deploy additional capital into its target portfolio of growth companies and potentially enhancing liquidity for investors.
More about Foresight 4 VCT
Foresight Enterprise VCT plc is a UK-listed venture capital trust that invests in a diversified portfolio of smaller, growth-oriented companies. As a VCT, it provides retail investors with tax-efficient access to early-stage and scaling businesses, focusing on long-term capital growth through equity stakes in unquoted or AIM-listed enterprises.
Average Trading Volume: 462,398
Technical Sentiment Signal: Strong Buy
For a thorough assessment of FTF stock, go to TipRanks’ Stock Analysis page.