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Foresight Solar & Technology VCT
Foresight Solar & Technology VCT (formerly Foresight Solar & Infrastructure VCT) aims to generate attractive returns, primarily through tax-free dividends for investors.
New Share Offer
The Foresight Williams Technology VCT Share Offer represents an exciting investment opportunity made possible by the collaboration between Foresight and the Williams Advanced Engineering business of the Williams Group.
The Offer is open for investment and will target investment in companies where we believe Foresight’s and Williams’ expertise and services can be harnessed to assist with the development of the businesses, with the objective of achieving successful exits at high value multiples.
Click here to view the details of the Offer
| Company | Foresight Solar & Technology VCT plc |
| Share class: | Foresight Williams Technology Shares |
| Offer size: | £20,000,000* |
| Offer opens: | 20 December 2019 |
| Closing date tax year 2019/20: | 3 April 2020 (12 noon) |
| Closing date tax year 2020/21: | 18 December 2020* |
| Investment sectors: | Generalist Venture Capital |
| Minimum subscription: | £3,000 |
| Maximum subscription: | > £200,000 (in each tax year for VCT tax relief) |
| Dividend policy: | Target 5% p.a. from year four onwards |
| Share buyback policy: | discount of 10% to net asset value - with target reduction to 5% from 2025 |
| Shareholder loyalty bonus: | investors who hold shares in other VCTs managed by Foresight will qualify for a 0.5% Loyalty bonus on their investment for the life of the offer |
| Early bird discount: | a 1.0% Discount will apply to the offer costs in respect of applications received by 12 noon on 28 February 2020 |
* The Directors reserve the right to increase the size of the Offer (with any such increase in excess of the over-allotment facility being subject to the issue of a supplementary prospectus) at their discretion. The Offer will close earlier than the date stated above if it is fully subscribed or otherwise at the Directors’ discretion.
| Foresight Solar & Technology VCT Financial Calendar | |
|---|---|
| Launch date | September 2010 |
| Year end | 31 March |
| Annual report & accounts published | July |
| Half year | 30 September |
| Half yearly report published | December |
| Annual General Meeting | September |
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).
