FTSV.L Share Price (FTSV)

I received the following this afternoon;

'The Solar and Technology VCTs which you hold shares in has now sold, please see the RNS below. .

https://www.londonstockexchange.com/news-article/FTSV/sale-of-ordinary-shares-portfolio/15783700

There is approximately 140p return per ordinary share. This will be paid via special dividend on the 22nd of March. This means that should you wish to re-invest the proceeds into the FWT share class, you are able to.

Reinvestment into another Foresight managed tax-efficient product will benefit from a 0% Initial fee, should you reinvest by the end of May 2023.

The exit proceeds are due to be paid to you via a special dividend on 22 March 2023 to your nominated bank account. If you would like to reinvest before the end of the 2022/2023 tax year, we encourage you to submit your application ASAP (with payment to follow) as we anticipate higher volumes than usual with Tax Year End fast approaching.

If you have any further questions regarding this, please contact the Investor Relations Team on 020 3667 8181 or at investorrelations@foresightgroup.eu
Should you require any further information please do not hesitate to contact me.'

Yes, let's just wait for the next payment then. Hope that they won't keep us waiting for too long.

Ok, it's unclear as to how it will work and breakdowns, a bit more detail would have been nice from them, but what Andy posted confirms that more is to follow.

Yes, I don't understand, better to just sit on it.

Someone just sold for £18.75! Probably got about £5 after commission and charges. Why not let it be and wait for it to recover or wait for the rest of the dividend, lol?

Here is the extract from the last RNS:

"Completion of the Sale of Ordinary Shares portfolio

Foresight Solar & Technology VCT plc (“the Fund”) is pleased to announce completion of the sale of its portfolio of solar assets held in the Ordinary Share class (the “sale”), generating gross proceeds of over £100m.

The final sale price has delivered a strong return to shareholders in the Fund of approximately 140p per Ordinary share compared to the last reported Net Asset Value of 131.2p per share as at 30 September 2022 and reflects Foresight’s capabilities in asset management optimization. The total return to investors is approximately 185p."