Foresight 3 VCT – Foresight Group
Update (19.05.2017): This VCT will be merged with Foresight 4 VCT, which has announced a £50 million subscription offer for 2017/18 – details here.
22 March 2017: Foresight 3 VCT has announced a top-up offer of £3.4 million. The minimum individual investment is £3,000 (in multiples of £1,000). It is the first offer for this VCT since 2013.
This is one of the longer running VCTs, having started as Advent VCT plc in the mid 1990s. Foresight was appointed the manager in 2004, after which it was renamed Foresight 3. In 2008, Foresight was similarly appointed to manage Noble VCT which was merged into this VCT later that year.
Top five holdings
As at 31 December 2016 the top five investments by valuation were:
- Datapath Group Holdings Ltd
- Ixaris Systems Ltd
- CoGen Ltd
- TFC Europe Ltd
- The Bunker Secure Hosting Ltd
It has been announced that Foresight 3 VCT intends to merge with its sibling Foresight 4 VCT, subject to shareholder and regulatory approval. The aims of such a merger would be to save costs and improve administrative efficiency. The resulting enlarged VCT would be expected to have assets around £74 million, with around 25 portfolio companies.
- Targeted Dividend
- Initial Charge
- Minimum Investment
- 5 Apr 2017
- WealthClub Saving
See Foresight 4 VCT offer
View the subscription offer for the company Foresight 3 VCT is merging with.Read more about See Foresight 4 VCT offer