Foresight 4 VCT Plc Foresight 4 Vct Plc : Dividend Declaration And Issue Of Circular


 
TIDMFTF 
 
 
   FORESIGHT 4 VCT PLC ("Company") 
 
 
 
   DECLARATION OF A DIVIDEND TO C SHAREHOLDERS, TOP UP OFFER & CONVERSION 
OF C SHARES INTO ORDINARY SHARES 
 
 
 
   The board of the Company is delighted to be declaring a special dividend 
of 25.0p per C ordinary share of 1p each ("C Share") following the 
recent performance of the C Share portfolio and, more specifically, the 
sale of Defaqto Group Limited on 30 March 2015 for GBP9.5 million, as 
announced on 31 March 2015. 
 
   As at 31 March 2015, the unaudited NAV per C Share was 110.8p and 
unaudited NAV per ordinary share of 1p each ("Ordinary Share") was 83.9p 
based on the unaudited management accounts as at that date. Audited NAVs 
for both the Ordinary Shares and C Shares will be announced in July in 
the annual report and accounts which may, but are not expected to be, 
materially different from those noted above. 
 
   Holders of C Shares ("C Shareholders") receiving the dividend will also 
be given the opportunity to reinvest their dividend proceeds for new 
Ordinary Shares by way of a top up offer (subject to the maximum 
available for subscription under the top up offer). The top up offer 
Ordinary Shares will be issued post the conversion of the C Shares into 
Ordinary Shares referred to below. 
 
   Additionally, in accordance with the conversion mechanism set out in the 
articles of association of the Company, C Shares will be converted into 
Ordinary Shares ten business days after the publication of the Company's 
final results for the year ended 31 March 2015.  The Company expects to 
publish these results on or around 27 July 2015. 
 
   Conversion will be on a relative net asset value basis using the audited 
NAVs per Ordinary Share and C Share as at 31 March 2015, adjusted for 
any material movements from that date to conversion.  The C Share 
conversion NAV will, therefore, be adjusted to take into account the 
dividend of 25.0p to be paid to C Shareholders on 6 August 2015. 
Assuming there are no other adjustments to the 31 March 2015 unaudited 
NAVs of 83.9p per Ordinary Share and 110.8p per C Share, at the time of 
conversion the Ordinary Share conversion NAV will be 83.9p and the C 
Share conversion NAV will be 85.8p (i.e. the unaudited 31 March 2015 NAV 
per C Share less the 25.0p per C Share dividend). 
 
   On 3 July 2015, the Company will be posting to C Shareholders only a 
letter giving full details of the C Share dividend and associated top up 
offer, as well as details relating to the conversion.  In addition the 
Company will also be posting to C Shareholders (other than C 
Shareholders in certain restricted territories) an offer document 
detailing the terms of the top up offer. 
 
 
 
   The expected timetable of events is as follows: 
 
 
 
 
 
 
Declaration of the C Share dividend                        2 July 2015 
Posting of the letter to C Shareholders along with         3 July 2015 
 Top Up Offer document 
Ex-dividend date for C Shares                              9 July 2015 
Record date for the C Share dividend                       10 July 2015 
Announcement of results for the year ended 31 March        27 July 2015 
 2015 
Last date for applications for new Ordinary Shares         29 July 2015 
 in connection with reinvestment of the C Share dividend 
Payment date for the C Share dividend                      6 August 2015 
C Share register closes before Conversion                  7 August 2015 
C Shares suspended - 7.30 a.m.                             10 August 2015 
Conversion of C Shares into Ordinary Shares                10 August 2015 
Admission of redesignated Ordinary Shares and new          11 August 2015 
 Ordinary Shares issued in connection with conversion 
Allotment of new Ordinary Shares issued in connection      11 August 2015 
 with the reinvestment of the C Share dividend 
Admission of new Ordinary Shares issued in connection      12 August 2015 
 with the reinvestment of the C Share dividend 
Certificates despatched for redesignated and new Ordinary  By 24 August 2015 
 Shares 
 
 
 
 
 
 
 
 
   For further information, please contact: 
 
   Gary Fraser 
 
   Foresight Group LLP 
 
   Telephone: 020 3667 8100 
 
   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 4 VCT PLC via Globenewswire 
 
   HUG#1933954 
 
 
  http://www.foresightgroup.eu/
Foresight Enterprise Vct (LSE:FTF)
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