13 May 2005 12:17
Foresight 4 VCT PLC13 May 2005 Foresight 4 VCT plc Share Restructuring The Board is pleased to announce that following the close of the Offer forSubscription to existing shareholders, the one for three share consolidationwill now take place. Accordingly for every three ordinary shares of 5p each held as at the close ofbusiness on 13 May 2005, shareholders will receive one ordinary share of 15peach. These ordinary shares of 15p each will then be subdivided into an ordinaryshare of 1p each and 14 deferred shares of 1p each. The deferred shares willthen be repurchased for cancellation by the Company for an aggregateconsideration of 1 pence. Effectively shareholders will be exchanging every three existing shares held forone new ordinary share. CREST accounts will be adjusted to take account of thison 16 May 2005 and new share certificates will be despatched in the weekbeginning 23 May 2005. Application has been made for the new ordinary shares of 1p each to be admittedto the official list of the UKLA and to trading on the London Stock Exchange,and it is expected that such admission will become effective on 16 May 2005 at8.00am. Copies of the circular have been submitted to the Financial Services Authorityand are available for inspection at the FSA's document viewing facility, whichis situated at: Financial Services Authority25 The North ColonnadeCanary WharfLondon E14 5HS For further information please contact: Gary Fraser, Foresight Venture Partners: 01732 471 800 This information is provided by RNS The company news service from the London Stock Exchange