Publication of a Prospectus
January 11 2023 - 8:03AM
Publication of a Prospectus
Foresight Solar & Technology VCT plc
("Company")Publication of a Prospectus Further to the
announcement dated 1 December 2022, the board of the Company
("Board") is pleased to announce the publication of a prospectus
relating to an Offer for Subscription to raise in aggregate
up to £15 million (with an over-allotment facility
for up to an additional £10 million) by issues of FWT
Shares ("Offer"). Related party transactionForesight Group
Promoter LLP (the “Promoter”) has been appointed as promoter of the
Offer under the terms set out below and the Promoter, as an agent
and associate of the Company’s manager Foresight Group LLP, is
regarded as a related party of the Company under the Listing Rules,
therefore the terms of this appointment constitute a related party
transaction under rule 11.1.10 of the Listing Rules. Pursuant to an
agreement dated 10 January 2023 relating to the Offer between,
among others, the Company and the Promoter, the Promoter will
receive a fee of an amount up to a maximum of 5.5% of the amount
subscribed under the Offer by Investors for acting as promoter of
the Offer. Further InformationThe Offer is now open
and will close on 3 April 2023 for the 2022/23 tax year and 22
December 2023 for the 2023/24 tax year or earlier if the Offer is
fully subscribed or otherwise at the Board's discretion.Full
details of the Offer are set out in the Registration Document,
Summary and Securities Note each dated 10 January 2023 which
together comprise a Prospectus in accordance with the UK Prospectus
Regulation. All documents comprising the Prospectus will be
available from the offices of the Promoter and the following
website: https://www.foresightgroup.eu/products/foresight-solar-and-technology-vct-plc-fwt-sharesA
copy of the Prospectus has also been submitted to the Financial
Conduct Authority and will be shortly available for inspection on
both the Promoter's website (www.foresightgroup.eu) as well as at
the National Storage Mechanism
https://data.fca.org.uk/#/nsm/nationalstoragemechanism.For further
information, please contact: Gary Fraser Foresight Group Telephone:
020 3667 8181
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