Trading Update
10 Março 2011 - 5:44AM
UK Regulatory
TIDMAQT2
Foresight 5 VCT plc, formerly Acuity Growth VCT plc (the 'Company')
Trading Update
On 24 February it was announced that the Board of Directors of the Company (the
'Board') had appointed Foresight Group CI Limited ('Foresight') as the new
Investment Manager in place of Acuity Capital Management Limited.
On the basis of the information now available to the Board and the initial
review conducted by the new Investment Manager, the current Net Asset Value per
Ordinary Share will be substantially lower than the last published Net Asset
Value.
The initial review also revealed that the Company has limited cash resources to
meet the potential funding requirements of the portfolio companies. The Board
are currently considering various options including a possible issue of new
equity by the Company. No final decision on any course of action has been
taken.
Further information:
Gary Fraser, Foresight Group: 01732 471 800
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Acuity Growth VCT plc via Thomson Reuters ONE
[HUG#1495978]
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