Foresight VCT Plc commences an Equity Buyback for 33,935,695 shares, representing 14.99% of its issued share capital, under the authorization approved on May 31, 2022.

Foresight VCT Plc (LSE:FTV) commences share repurchases on July 15, 2022, under the program mandated by the shareholders in the Annual General Meeting held on May 31, 2022. As per the mandate, the company is authorized to repurchase up to 33,935,695 shares, representing 14.99% of its issued share capital. The maximum price which may be paid for an ordinary share is an amount equal to 105% of the average of the middle market quotations for the ordinary shares taken from the London Stock Exchange Daily Official List for five business days immediately preceding the day on which that share is contracted to be purchased and the amount stipulated by Article 5(6) of the Market Abuse Regulation.

The minimum price which may be paid for an ordinary share is 1p. The program will be valid till the next Annual General Meeting in 2023, or 15 months from the passing of this resolution, whichever is earlier. As of April 13, 2022, the company had 226,388,890 issued and outstanding shares.