Foresight Enterprise VCT Plc Section 311A Statutory Information

Shareholder Documents
KPMG Section 519 StatementView 
2018 General Meeting - Results of Poll Voting and Proxy VotesView 
2018 Notice of Resolutions PassedView
2016 Annual General Meeting: Poll ResultsView
Publication of Circular March 2013View


The board of directors ("Board") of Foresight 4 VCT plc (the "Company") is today sending out a circular ("Circular") to shareholders in relation to enhanced buybacks in respect of the ordinary shares of 1p each in the capital of the Company ("Ordinary Shares") and C ordinary shares of 1p each in the capital of the Company ("C Shares") each being for up to 50% of the issued share capital in each share class ("Enhanced Buyback").

The Enhanced Buyback schemes are subject to shareholder approval being provided at a general meeting and class meetings of both share classes being convened for 28 March 2013 pursuant to the Circular. The Enhanced Buyback has opened today for applications and shareholders are recommended to act as soon as possible.

The Enhanced Buybacks in respect of the different share classes are independent of each other. A shareholder may, therefore, participate in respect of Ordinary Shares and/or C Shares provided he holds shares in the relevant class.

Enhanced Buy Backs

Enhanced buybacks are arrangements by which, at low cost, shareholders can sell their existing shares back to a VCT and use the proceeds to buy new shares of the same class, on which upfront tax relief is available subject to a shareholder's personal circumstances.

The Enhanced Buyback is structured as an open offer and linked tender offer to all UK shareholders who hold on the register on 21 March 2013.

Eligible shareholders may tender some or all of their existing holding in substitution for new shares ("Substitution Shares") subject to aggregates limits of 18,333,353 Ordinary Shares and 9,091,198 C Shares.

The closing date for the Enhanced Buyback is 3 April 2013 where Shareholders request their Substitution Shares be at least partially allotted in the 2012/13 tax year and 30 June 2013 where Shareholders request their Substitution Shares be allotted exclusively in the 2013/14 tax year.

Full details of the Enhanced Buyback, including the terms and conditions and tax consequences of participating, are set out in the Circular and the Enhanced Buyback Application Forms.

Availability of Documents

The Circular has been submitted to the Financial Services Authority and will shortly be available for inspection both at the National Storage Mechanism, which is located at here.

What is the Company website?

The company website can be located here.

Who can I contact for further information

For further information in respect of the proposals, please contact the Foresight Group Investor Relations team at:

Please have your relevant shareholder reference number available, which can be found on the top of a shareholder's personalised Enhanced Buyback Application Form.

Please note that no investment or tax advice can be given. Shareholders are further advised to consult their independent financial adviser.

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Capital is at risk. The value of an investment and any income from it can fall as well as rise and investors may not get back the full amount they invest. VCTs should be considered longer-term investments and may be higher risk and more difficult to realise than other securities listed on the London Stock Exchange. Tax reliefs are dependent on the VCT maintaining its qualifying status and on investors’ individual circumstances. Current tax rules are subject to change. Past performance is not a reliable indicator of future performance. Foresight Group LLP does not provide advice and the information on this website should not be construed as such. We recommend investors seek advice from a regulated financial adviser. Investors should only subscribe for shares in a VCT on the basis of information contained in the prospectus and Key Information Document.

Foresight Group LLP is authorised and regulated by the Financial Conduct Authority (FRN: 198020).