Latest news and a form enabling you to join this campaign can be found at the foot of this page.
This page was created to inform shareholders in Foresight 4 VCT Plc –
In 2015, the share classes were amalgamated but the “C” share class holders were not pleased with the terms. ShareSoc published this blog note at the time on that subject.
The last published accounts (to March 2016) show a further substantial reduction in the net asset value of the company.
The current directors are Philip Stephens (Chairman), Peter Dicks and Simon Jamieson.
The Annual General Meeting of the company was scheduled for September 30th 2016 . Shareholders were encouraged to attend and vote against all but one of the resolutions (see information to the right). The following letter was sent to as many people as is possible on the share register of the company:
Updates 12/09/2016 and 24/9/2016. Note that subsequent to the above, Foresight 4 VCT and Foresight 3 VCT announced that they had entered into discussions on a merger with the intention of achieving cost savings from the establishment of a single, enlarged VCT (with Foresight 4 forming the legal base). That is likely to result in changes to the board of Foresight 4 but it may not resolve all of the issues raised in the aforementioned letter and Foresight 3 has similar problems.
In a letter to shareholders concerning the merger the board also commented on ShareSoc’s letter to shareholders. This note was issued on 24/9/2016 giving our considered response: Update-
Update 30/9/2016 –
In summary the directors only just managed to get re-
Update 20/10/2016 –
Update 16/12/2016 –
Update 26/05/2017 – We recommend (with reservations) that shareholders vote in favour of the resolutions to merge Foresight 3 & 4 and to raise additional funds of £50 million, and possibly up to £100 million, (including a possible over-allotment facility for an additional £50 million). Click here to read the full update.
Update 16/06/2017 –
Use the form below to register your interest in this campaign (you will receive confirmation by return within 48 hours)
If you wish to make a voluntary contribution to support the activities of ShareSoc please go to this page of our web site: Donations. Another way to support us is to become a full member of ShareSoc, which involves paying a modest annual membership fee and brings you numerous benefits, as well as supporting our cause.
Update 10/9/17 – ShareSoc isuues new voting recommendations for 2017 AGM. Click here to see the blog.