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Investor Centre Advisor Centre Data Room

Foresight VCT plc

Important Information: The Company currently conducts its affairs so that the shares issued by Foresight VCT plc can be recommended by IFAs to ordinary retail investors in accordance with the FCA’s rules in relation to non-mainstream investment products and intends to continue to do so for the foreseeable future. The shares are excluded from the FCA’s restrictions which apply to non-mainstream investment products because they are shares in a VCT.

Foresight VCT plc is a generalist fund aiming to provide investors with attractive returns from a portfolio of investments in fast growing, unquoted UK companies.

Foresight VCT (formerly Foresight Technology VCT plc) was launched in November 1997, initially raising £11m for investment in technology focused companies. In 1999/2000, a further £32.6 million was raised through a "C" share issue and £5.8 million in a subsequent top up offer. In 2007, the "O" share and "C" share classes were merged and the fund was renamed Foresight VCT plc.

At the date of the merger, the fund was the best performing VCT ever launched having achieved a number of exceptional realisations and having paid tax free dividends of £1.65 per £1 share.

In March 2011 Keydata Income VCT 1 Plc and Keydata Income VCT 2 Plc were merged into Foresight VCT Plc by means of a share exchange.

The fund remains the best performing VCT ever launched*.

In line with Foresight's investment strategy, this fund invests in later stage growth capital opportunities across a range of sectors.

* Source as at September 2013 : Tax Efficient Review

£20 million new Ordinary Share Issue

The Board of Foresight VCT announces the launch of a prospectus to raise a further £20 million for the ordinary share class of Foresight VCT. The offer, which is open to existing and new shareholders, has been extended to 25th September 2014.

Key Features

• Best performing VCT delivering 229.3p total return since launch to date
• More than £32 million of dividends paid to shareholders since launch
• Existing diversified portfolio of 17 companies in five sectors across the UK generating £110 million of revenues.
• Dividend policy : targeting a 5p per share per annum dividend with the intention to pay more on an as and when basis
• Dedicated in-house Private Equity team
• Target discount of 10% to NAV buyback mechanism
• Government-approved VCT tax breaks

* The 30% relief applies to all qualifying UK taxpayers on the amount subscribed up to £200,000 in any one tax year. The relief is retained provided that shares in the VCT are held for 5 years, subject to their VCTs retaining their status.

Early-Bird investor incentive

In addition to the VCT tax breaks, investors will be entitled to receive the following incentive package for completed applications and monies received by the following dates
2% additional share allocation for applications received on or before 29 November 2013
1% additional share allocation for applications received between 30 November 2013 and 28 February 2014

Loyalty Bonus

Existing Foresight shareholders will be entitled to a 0.5% loyalty bonus in addition to the “Early Bird” investor incentive for applications received before 28 February 2014.

How to subscribe - your next steps

For more information we suggest you contact your authorised intermediary.

Meanwhile, below please find copies of the Securities Note and Application Form, and the Investor Guide summary. The closing date for 2013/2014 tax year is 12noon 4th April 2014. For tax year 2014/2015 the offer has been extended to 25th September 2014.


Click here to download the Securities Note and Application Form




Click here to download the Investor Guide summary


Registration Document and Summary

Please click here to download the Registration Document.

Please click here to download the Summary


Additional Information

Please click on the links below to access up to date information on Foresight VCT plc.

Latest Chairman's Statement

Latest Investment Manager's Report

Financial Highlights

Top 10 Investments

Valuation Tool



Updated Bid Price and NAV Calculations

Foresight VCT For details on all funds and source of calculations please click here. Bid prices updated nightly Foresight Group are not responsible for any errors caused by incorrect data. To see live prices please click here.

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