Foresight VCT PLC Completes Allotment of Ordinary Shares

The latest update is out from Foresight Vct ( (GB:FTV) ).

Foresight VCT PLC has announced the successful allotment of 15,140,273 Ordinary Shares as part of its subscription offer, with shares issued at a price based on a net asset value of 81.80 pence per share. This move increases the total number of shares issued under the offer to 28,585,527, and the shares are expected to begin trading on the London Stock Exchange on 11 February 2025. The allotment is anticipated to strengthen Foresight VCT’s financial position and provide additional resources for investment in growth-focused enterprises, potentially impacting the company’s market standing and investor appeal.

More about Foresight Vct

Foresight VCT PLC operates within the venture capital trust (VCT) sector, focusing on investing in small to medium-sized enterprises across various industries. The company provides capital and strategic support to growth-oriented businesses, enhancing their market position and value.

Average Trading Volume: 47,969

Technical Sentiment Consensus Rating: Strong Sell

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