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Foresight Solar & Technology VCT plc (FTSV) Ordinary 1p

Sell:87.00p Buy:90.00p 0 Change: No change
Market closed Prices as at close on 24 January 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

Foresight Solar & Technology VCT plc

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 3 Jan 2020)

What is happening?

 

Foresight Solar & Technology VCT plc wants to return cash to Shareholders. To do this the Company is offering to buy up to 25% of its Shares at a price equal to the most recently published Net Asset Value prior to the Tender Date of Friday 14 February 2020 (less costs).

 

You can ask to sell all or part of your holding in the offer. You’ve got a guaranteed entitlement to tender (i.e. elect to sell) 1 out of every 4 Shares you hold. You can ask to sell more or less than this, but you may not successfully sell all the Shares you tender above this entitlement.

 

The deadline to give an instruction is noon on Thursday 13 February 2020.

 

This Tender Offer is subject to Shareholder approval at a General Meeting to be held on Monday 27 January 2020. If you wish to vote please send us your instruction separately via secure message before noon on Wednesday 22 January 2020.

 

What are my options?

 

1. Do nothing - You don’t have to take part in the Tender Offer. If you don’t you’ll keep your existing Shares.

 

2. Tender Shares - Ask to sell some or all of your Shares. You’ll receive cash from Shares successfully sold from Tuesday 31 March 2020, any Shares not successfully sold will be returned to your Account around the same time.

 

As your Shares are held with Hargreaves Lansdown, scaling back of excess tenders may not be on the same terms as those announced by the Company.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown Clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:87.00p
Buy:90.00p
Change: No change
Market closed Prices as at close on 24 January 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

Foresight Solar & Technology VCT plc

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 3 Jan 2020)

What is happening?

 

Foresight Solar & Technology VCT plc wants to return cash to Shareholders. To do this the Company is offering to buy up to 25% of its Shares at a price equal to the most recently published Net Asset Value prior to the Tender Date of Friday 14 February 2020 (less costs).

 

You can ask to sell all or part of your holding in the offer. You’ve got a guaranteed entitlement to tender (i.e. elect to sell) 1 out of every 4 Shares you hold. You can ask to sell more or less than this, but you may not successfully sell all the Shares you tender above this entitlement.

 

The deadline to give an instruction is noon on Thursday 13 February 2020.

 

This Tender Offer is subject to Shareholder approval at a General Meeting to be held on Monday 27 January 2020. If you wish to vote please send us your instruction separately via secure message before noon on Wednesday 22 January 2020.

 

What are my options?

 

1. Do nothing - You don’t have to take part in the Tender Offer. If you don’t you’ll keep your existing Shares.

 

2. Tender Shares - Ask to sell some or all of your Shares. You’ll receive cash from Shares successfully sold from Tuesday 31 March 2020, any Shares not successfully sold will be returned to your Account around the same time.

 

As your Shares are held with Hargreaves Lansdown, scaling back of excess tenders may not be on the same terms as those announced by the Company.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown Clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:87.00p
Buy:90.00p
Change: No change
Market closed Prices as at close on 24 January 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

Foresight Solar & Technology VCT plc

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 3 Jan 2020)

What is happening?

 

Foresight Solar & Technology VCT plc wants to return cash to Shareholders. To do this the Company is offering to buy up to 25% of its Shares at a price equal to the most recently published Net Asset Value prior to the Tender Date of Friday 14 February 2020 (less costs).

 

You can ask to sell all or part of your holding in the offer. You’ve got a guaranteed entitlement to tender (i.e. elect to sell) 1 out of every 4 Shares you hold. You can ask to sell more or less than this, but you may not successfully sell all the Shares you tender above this entitlement.

 

The deadline to give an instruction is noon on Thursday 13 February 2020.

 

This Tender Offer is subject to Shareholder approval at a General Meeting to be held on Monday 27 January 2020. If you wish to vote please send us your instruction separately via secure message before noon on Wednesday 22 January 2020.

 

What are my options?

 

1. Do nothing - You don’t have to take part in the Tender Offer. If you don’t you’ll keep your existing Shares.

 

2. Tender Shares - Ask to sell some or all of your Shares. You’ll receive cash from Shares successfully sold from Tuesday 31 March 2020, any Shares not successfully sold will be returned to your Account around the same time.

 

As your Shares are held with Hargreaves Lansdown, scaling back of excess tenders may not be on the same terms as those announced by the Company.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown Clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.
Open:
88.50p
Trade high:
n/a
Year high:
93.00p
Estimated NAV:
89.60
Previous close:
88.50p
Trade low:
n/a
Year low:
85.00p
Premium/Discount:
-2.34%
Previous:
1.00p (1.14%)
Previous:
1.00p
Volume:
n/a
Dividend yield:
6.78%
Currency:
GBX
Data delayed by at least 15 minutes.

Price

  • Net Asset Value (NAV)
FORESIGHT SOLAR performance chart

Premium/Discount

FORESIGHT SOLAR performance chart
Full interactive share price and premium / discount charts

Performance

Not available for this stock.

Trust Basics

Benchmark: n/a
Annual management charge: 1.5% of Net Assets
Performance fee: Yes
Ongoing charge: 2.91%
Dividend yield: 6.78%
Dividend frequency: Semi-Annually
Total assets: £38m
Gross gearing: 100%
Market capitalisation:Market cap.: £38m
Shares in issue: 42.90 million
Legal structure Closed Ended Investment Company
Domicile: United Kingdom
ISIN GB00B640GZ49

Recent dividends paid or declared by Foresight Solar & Technology VCT plc:

Type Ex-div date Payment date Amount
Interim 07/11/2019 22/11/2019 3.00p
Interim 11/04/2019 26/04/2019 3.00p
Final 08/11/2018 23/11/2018 3.00p
Interim 12/04/2018 27/04/2018 3.00p
Final 09/11/2017 24/11/2017 3.00p

This data is provided by Digital Look. HL accepts no responsibility for its accuracy and you should independently check data before making any investment decision.

Full dividend history

Five years' total annual Foresight Solar & Technology VCT plc dividends:

Financial
year end
Dividend
yield
Dividend
cover
Total dividend
paid
31/03/2019 8.60% -0.10 n/a
30/06/2018 6.50% 0.13 6.00p
30/06/2017 6.30% 0.05 6.00p
30/06/2016 6.50% 0.12 6.00p
30/06/2015 5.90% 0.17 6.00p

All dividend data is calculated excluding any special dividends. Historical dividends may be adjusted to reflect any subsequent rights issues and corporate actions.

Full dividend history

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Important Documents



Objective

The objective is to provide investors with a sustainable and inflation-linked quarterly dividend and to aim to preserve and where possible enhance capital value through the reinvestment of excess cash flows, not required for the payment of dividends, generated from investing in a diversified portfolio of predominantly UK ground-based solar PV assets. The company will pursue its investment objective by acquiring a portfolio of ground based, operational solar power plants predominantly in the UK. Investments outside the UK and assets which are still, when acquired, under construction will be limited to 25% of the GAV of the company, calculated at the time of investment.

NET ASSET VALUE (NAV)

Estimated NAV: 89.60
Latest actual NAV: 92.60
Latest actual NAV date: 30 September 2019
Premium/Discount: -2.34%
12m average Premium/Discount: -4.19%
NAV frequency: Quarterly
Time / date Time Buy / sell Type Volume Price Value
09:42 - 23/01 09:42
23/01
Buy 5000 89.00p £4,450.00
08:16 - 20/01 08:16
20/01
Buy 112 88.50p £99.12
×

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled ‘N/A’.

Top 10 holdings currently unavailable.

Top 10 sectors currently unavailable.

Top 10 countries currently unavailable.

Key Dates

Launch date: 2 November 2010
Financial year end: March
Next AGM: December 2020
Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Prices provided by NBTrader. Charts provided by Factset. Dividend data provided by Digital Look. Recent trade data provided by MoneyAM. Trust basics, holding data, key dates, objective and NAV provided by Morningstar.

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.