Foresight VCT PLC : Share allotment announcement

FORESIGHT VCT PLC
(the "Company" or "F1")
TIDM: FTV
   

This announcement is made by the Company in connection with the merger of The Company with Foresight 2 VCT plc ("F2") (together, the "Companies") by way of a scheme of reconstruction under section 110 of the Insolvency Act 1986 ("the Scheme"), details of which were contained in a prospectus and in circulars to the shareholders of the Companies, each dated 13 November 2015.

The board of directors of F2 has today announced that the resolutions proposed at the general meeting of F2 held on 18 December 2015 were duly passed.

Immediately following the general meeting, as set out in the Prospectus, Jocelin Harris was appointed as non-executive director of the Company.

In implementing the Scheme, the assets and liabilities of F2 have been transferred to the Company, in consideration for the issue of the Consideration Shares.

The issue of the Consideration Shares is summarised as follows:

Original share class	Original shares in issue	Ratio	Consideration Shares	Number of Consideration Shares to be issued	TIDM
F2 Ordinary Shares	45,788,048	0.6244	F1 Ordinary Shares	28,590,057	FTV
F2 Planned Exit Shares	6,086,322	0.9095	F1 Planned Exit Shares	5,535,509	FTVP
F2 Infrastructure Shares	16,565,233	0.9644	F1 Infrastructure Shares	15,975,510	FTVI

Application will shortly be made for all the Consideration Shares issued to be admitted to the Official List and to trading on the main market of the London Stock Exchange. The date on which admission is expected to become effective and on which trading is expected to commence is 21 December 2015.

FURTHER INFORMATION
For further information, please contact:
Manager
Foresight Group
Contact: Gary Fraser Tel: [phone]

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Foresight VCT PLC via Globenewswire

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