Foresight 4 VCT Plc Foresight 4 Vct Plc - Tender Offer Results

 
TIDMFTF 
 
 
   Tender Offer Results 
 
   17 September 2018 
 
   Foresight 4 VCT PLC (Company) 
 
   The Company posted to shareholders on 16 July 2018 a tender offer 
document (Tender Offer Document) in respect of a tender offer to 
purchase shares in the Company (Shares) having an aggregate value at the 
tender price of up to GBP5 million (Tender Offer). Terms used in this 
announcement shall have the same meaning as in the Tender Offer 
Document. 
 
   The latest published NAV per Share is 69.4p (being the unaudited NAV per 
share as at 31 August 2018). Accordingly, the Tender Price will be 
64.1950p per Share (92.5% of the most recently published NAV per Share 
as at the date of the purchase under the Tender Offer, rounded down to 
four decimal places). The Basic Entitlement Percentage is, therefore, 
5.5304812% (rounded). 
 
   The results of the Tender Offer are as follows: 
 
   Total number of Shares in issue as at the Record Date: 140,833,459 
 
   Shares tendered for the Basic Entitlement: 1,488,073 
 
   Shares tendered for more than the Basic Entitlement: 11,259,416 
 
   Shares not tendered for the Basic Entitlement (i.e. excess available): 
6,300,695 
 
   Total number of Shares tendered: 12,747,489 
 
   Shareholders who tendered in excess of the Basic Entitlement will have 
approximately 55.96% of their excess satisfied (rounded down) resulting 
in 6,300,695 Shares being tendered under the excess available. 
 
   The Tender Offer is expected to be completed today with a total of 
7,788,768 Shares to be purchased by the Company for cancellation for an 
aggregate price of GBP4,999,999.62. Following completion of the Tender 
Offer, 133,044,691 Shares will be in issue. 
 
   CREST accounts of shareholders who hold their Shares in CREST are 
expected to be credited and updated by 24 September 2018. Cheques and 
balancing Share certificates in respect of shareholders who do not hold 
their Shares in CREST are also expected to be dispatched by 24 September 
2018. 
 
   Enquiries: 
 
   Gary Fraser 
 
   Foresight Group LLP 
 
   Company Secretary 
 
   Tel: [phone] 
 
 
 
 

(END) Dow Jones Newswires

September 17, 2018 03:00 ET (07:00 GMT)

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