REG-Publication of Prospectus

Foresight Ventures VCTAnnouncement

14/10/2025 16:15

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FORESIGHT VENTURES VCT PLC ("Company")
LEI: 213800R88MRC4Y3OIW86

Publication of a Prospectus 
14 OCTOBER 2025

Publication of a Prospectus
Further to the announcement dated 4 September 2025, the board of the Company
(the "Board") is pleased to announce the publication of a prospectus relating
to an Offer for Subscription to raise in aggregate up to £10 million (with
an over-allotment facility for up to an additional £5 million) by issues of
ordinary shares with a nominal value of 1p each in the capital of the Company
("Ordinary Shares") (the "Offer").

Related party transaction
Foresight Group LLP (the "Promoter") has been appointed as promoter of the
Offer under the terms set out below. The Promoter, as it is also the
Company’s investment manager, is regarded as a related party of the Company
under the UK Listing Rules, therefore the terms of this appointment constitute
a related party transaction under rule 8.2.1 of the UK Listing Rules. Pursuant
to an agreement dated 14 October 2025 relating to the Offer between, among
others, the Company and the Promoter, the Promoter will receive a fee of an
amount up to a maximum of 4.5% of the amount subscribed under the Offer by
Investors for acting as promoter of the Offer.  The Board, having been so
advised by the Company's Sponsor, SPARK Advisory Partners Limited, consider
the terms of the transaction to be fair and reasonable as far as the Company's
shareholders are concerned.

Further Information
The Offer is now open and will close on 31 March 2026 for the 2025/26 tax year
and 30 April 2026 for the 2026/27 tax year or earlier if the Offer is fully
subscribed or may be extended at the Board's discretion. The Board is pleased
to announce that there is an Early Bird Discount available on all applications
received by 12 noon on 31 December 2025, discounting the Promoter's initial
fee by 1.5%.

Full details of the Offer will be set out in the Securities Note, Registration
Document and Summary which together comprise a Prospectus in accordance with
the UK Prospectus Regulation, and which is published as at today's date.  All
documents comprising the Prospectus will be available from the offices of the
Promoter and the following website:
https://www.foresight.group/products/foresight-ventures-vct-plc

A copy of the Prospectus has also been submitted to the Financial Conduct
Authority and will also shortly be available for inspection at the National
Storage Mechanism:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism

For further information, please contact:
Company Secretary
Stephen Thayer, Foresight Group
Telephone: 020 3667 8100