Foresight 4 VCT PLC : Statement re Possible Merger

12 september 2016

FORESIGHT 4 VCT PLC

12 September 2016

Possible merger between Foresight 3 VCT plc ("F3") and Foresight 4 VCT plc ("F4") (together the "Companies")

The boards of directors of the Companies announce that they have entered into discussions regarding a possible merger of the Companies (the " Merger "). If the Merger is to proceed the current intention is that it will be effected pursuant to a scheme of reconstruction under s.110 of the Insolvency Act 1986 by transferring the assets and liabilities of F3 to F4 in consideration for new F4 shares to be issued to F3 shareholders on a relative net asset value basis. A merger solely on this basis would be outside the provisions of The City Code on Takeovers and Mergers. 

If the Merger proceeds it would be expected to achieve, amongst other things, significant cost savings and administration efficiency through the establishment of a single, enlarged VCT with net assets in excess of £70 million. The proposed merger will be subject to the approval of the shareholders of both Companies.

A further announcement will be made in due course.

For further information, please contact:

Gary Fraser

Foresight Group LLP

Telephone: 020 3667 8100

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