Foresight Technology Regulatory News (FTV)

17 Jan 2007 14:23

Foresight Technology VCT PLC17 January 2007 Conversion and redesignation of sharesBoard composition The Board of Foresight VCT plc announces that following approval at the EGM theOrdinary Shares fund and C Shares fund have now merged. The respective net asset values were calculated on 15 January 2007 at 56.03p perOrdinary Share and 81.43p per C Share, and the conversion ratio has thereforebeen calculated as 0.6880756. Ordinary Shareholders will therefore receive0.6880756 C Shares for each Ordinary Share held at the close of business on 15January 2007. Accordingly 14,791,348 Ordinary Shares were converted into10,177,029 C Shares. Following this conversion there were in aggregate45,153,120 C Shares in issue, which have now been redesignated as 45,153,120 newOrdinary Shares. In addition, as explained in the EGM Circular, Roger Blears, Peter English andDavid Royds have now resigned from the Board of the Company. For further information please contact: Gary Fraser, Foresight Venture Partners: 01732 471800 This information is provided by RNS The company news service from the London Stock Exchange