Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Downing ONE VCT ( (GB:FVEN) ) has provided an announcement.
Foresight Ventures VCT plc has allotted 2,972,989 new ordinary shares of 1p each under its ongoing offer for subscription, at prices between 88.40p and 93.55p based on an unaudited net asset value of 88.40p per share. This latest issuance brings total shares allotted under the current offer to 5,592,122 and increases the company’s overall share capital to 107,478,031 ordinary shares in issue.
The company has applied for the newly issued shares to be admitted to the FCA’s Official List and to trading on the London Stock Exchange around 9 April 2026, which will enhance the liquidity and tradability of the expanded share base. The additional capital raised through this allotment supports Foresight Ventures VCT’s ability to make further investments in its target portfolio of smaller growth companies, with implications for both portfolio expansion and investor access to VCT tax-advantaged opportunities.
More about Downing ONE VCT
Foresight Ventures VCT plc is a UK-listed venture capital trust that invests in a diversified portfolio of smaller, growth-focused companies, providing investors with exposure to early-stage and developing businesses. The trust is managed by Foresight Group LLP and its shares trade on the London Stock Exchange, targeting income and capital growth within the VCT framework.
Average Trading Volume: 71,237
Technical Sentiment Signal: Sell
See more insights into FVEN stock on TipRanks’ Stock Analysis page.