Foresight 4 VCT PLC : Merger Completion Statement

Foresight 4 VCT Plc

Merger Results

6 February 2012

This announcement is made by Foresight 4 VCT plc ("the Company") in connection with the merger of the Company with Foresight 5 VCT plc ("Foresight 5"), Acuity VCT 3 plc ("Acuity 3") and Foresight Clearwater VCT plc ("Foresight Clearwater"). The merger will be completed pursuant to schemes of reconstruction under Section 110 of the Insolvency Act 1986 whereby each of Foresight 5, Acuity 3 and Foresight Clearwater will be placed in members' voluntary liquidation and will transfer all of their assets and liabilities to the Company (each a "Scheme"), details of which were contained in the Company's circular to shareholders ("the Circular") dated 22 December 2011.

The board is pleased to advise that the resolution proposed at the general meetings of Foresight 5, Acuity 3 and Foresight Clearwater held today were duly passed to be able to implement and effect the Schemes.  

By way of implementation of the Schemes, the assets and liabilities of Foresight 5, Acuity 3 and Foresight Clearwater have been transferred to the Company in consideration for the issue of new ordinary shares of 1p each in the capital of the Company to Foresight Clearwater ("Ordinary Shares") and the issue of new C ordinary shares of 1p each in the capital of the Company to Foresight 5 and Acuity 3 ("C Shares") as set out below.

The total number of Ordinary Shares issued to Foresight Clearwater shareholders in connection with its Scheme was 1,503,382, at a deemed issue price of 105.677178 pence per share, and the total number of C Shares issued to Foresight 5 and Acuity 3 shareholders in connection with their Schemes was 10,814,271 and 7,878,827, respectively, both at a deemed issue price of 100.00 pence per share. Following implementation of the Schemes there are now 38,016,345 Ordinary Shares and 18,693,098 C Shares in issue in the Company.

Application will shortly be made for all of the Ordinary Shares and C Shares issued pursuant to the Schemes to be admitted to the Official List and to trading on the main market of the London Stock Exchange. It is expected that admission will become effective and that trading will commence on 7 February 2012. CREST accounts are also expected to be credited on 7 February 2012.

For further enquiries please contact:

Gary Fraser
Foresight Fund Managers Limited
Company Secretary
Telephone: [phone]

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Source: Foresight 4 VCT PLC via Thomson Reuters ONE

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