TIDMTV1 
 

Thames Ventures VCT 1 plc ("the Company")

Publication of Prospectus

LEI: 213800R88MRC4Y3OIW86

31 October 2022

Thames Ventures VCT 1 plc ("the Company")

Publication of a Prospectus

The board of the Company ("Board") is pleased to announce the publication of a prospectus (the "Prospectus") relating to an Offer for Subscription to raise in aggregate up to GBP10 million (with an over-allotment facility for up to an additional GBP10 million) by issues of Ordinary Shares of 1p each in the capital of the Company (the "Offer").

Related party transaction

Foresight Group Promoter LLP (the "Promoter") has been appointed as promoter of the Offer under the terms set out below and the Promoter, as an agent and associate of the Company's manager Foresight Group LLP, is regarded as a related party of the Company under the Listing Rules, therefore the terms of this appointment constitute a related party transaction under rule 11.1.10 of the Listing Rules. Pursuant to an agreement dated 31 October 2022 relating to the Offer between, among others, the Company and the Promoter, the Promoter will receive a fee of an amount up to a maximum of 5.5% of the amount subscribed under the Offer by Investors for acting as promoter of the Offer.

Further Information

The Offer is now open and will close on 5 April 2023 for the 2022/23 tax year and 31 May 2023 for the 2023/24 tax year or earlier if the Offer is fully subscribed or otherwise at the Board's discretion.

Full details of the Offer are set out in the Prospectus which is published as at today's date. All documents comprising the Prospectus will be available from the offices of the Promoter and the following website: https://www.globenewswire.com/Tracker?data=XGnjDVHyf-Lk_zgBZKpxWDRyfZ9CZvVsLpjcTLNUB6zfdIFz-8nNWj-vSSXdbQlfBLoD6SuIJROREUF96g6fEp0K03Ucf9E66g6SShOjG8KSQDUFXNYN8lIN0FY6OqBM https://www.foresightgroup.eu

The Prospectus has been submitted to the Financial Conduct Authority and will shortly be available for inspection on both the Promoter's website ( https://www.globenewswire.com/Tracker?data=kUopz2fNw4xMwUmGnM9Orv34-_vIrDfF8cR9aGf8VvIeMkKGjkBiPOZe3II4zzX2Nd1osqf0qKkN2appAwusrPg_LxO21MPH8v6wEn9Fxus= www.foresightgroup.eu) as well as at the National Storage Mechanism https://www.globenewswire.com/Tracker?data=XGnjDVHyf-Lk_zgBZKpxWOl1YGwKzhGFzmMd0du_KRDcMDbcht5Dl32RmO08yvI5trSCr4niguPSgparHDX92wY-q56EnOb-nBcaZYOTzNEsY7Hj96uhE8QmTZLwV9Cn4uNQpWa8EaUdVqpaXMXXi3RxdQIk5cNFPH8cn2TOxxBJMfdvSPzHMbeEPpgP_n2K https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

For further information, please contact:

Gary Fraser

Foresight Group

Telephone: 020 3667 8181

 
 

(END) Dow Jones Newswires

October 31, 2022 12:31 ET (16:31 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.
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