Foresight 4 Vct PLC commences an Equity Buyback Plan for 28,979,258 shares, representing 14.99% of its issued share capital under the authorization approved on July 7, 2021.
October 15, 2021 at 12:00 am EDT
Share
Foresight 4 Vct PLC (LSE:FTF) commences share repurchase on October 15, 2021, under the program mandated by the shareholders in the Annual General Meeting held on July 7, 2021. As per the mandate, the company is authorized to repurchase up to a maximum of 28,979,258 ordinary shares, representing 14.99% of its issued capital. The minimum price which may be paid per ordinary share will be £0.01. The maximum price which may be paid for any ordinary share will be equal to the amount 105% of the average of the closing price of the company's ordinary shares as derived from the London Stock Exchange Daily Official List for the five business days immediately preceding the day on which such share is contracted to be purchased and the amount stipulated by Article 5(1) of the BuyBack and Stabilisation Regulation 2003. The share repurchase program will expire at the conclusion of the next Annual General Meeting to be held on 2022 or, if earlier, on the date falling 15 months after the passing of this resolution. As of April 23, 2021, the company had 193,323,938 ordinary shares in issue.
Foresight Enterprise VCT plc is a venture capital trust. The Companyâs investment objective is to provide private investors with regular dividends and maintain capital value from a portfolio of investments in fast-growing unquoted companies in the United Kingdom. It intends to maximize tax-free income available to investors from a combination of dividends and interest received on investments, and the distribution of capital gains arising from trade sales or flotations. The Company also invests in a range of securities, including ordinary and preference shares, loan stock, convertible securities, fixed-interest securities, and cash. It invests in sectors, including technology, media, and telecommunication (TMT), industrials and manufacturing, healthcare, business services, consumer and leisure, and others. Foresight Group LLP acts as the investment manager of the Company.
Foresight 4 Vct PLC commences an Equity Buyback Plan for 28,979,258 shares, representing 14.99% of its issued share capital under the authorization approved on July 7, 2021.
FORESIGHT ENTERPRISE VCT PLC 
