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Publication of a Prospectus - CORRECTION
Globenewswire· 2026-01-14 14:27
Core Viewpoint - The company has corrected the opening date for its new offer for subscription, which is now set for 21 January 2026, aiming to raise up to £40 million through the issuance of new shares [1][2]. Group 1: Offer Details - The offer will open for applications at 9.00 a.m. on 21 January 2026 and will close at 12.00 noon on 30 March 2026, unless fully subscribed earlier or extended at the Board's discretion [2]. - The additional funds raised will help the company maintain liquidity, support its dividend policy, make market purchases of its own shares, and cover running costs [3]. Group 2: Promoter and Fees - Foresight Group LLP is acting as the promoter for the offer and will receive a fee of 2.5% for Retail Client Investors and 4.5% for Direct Investors, with a maximum fee of £1.8 million if all investors are Direct Investors [4]. - The promoter's fee is considered a related party transaction under UK Listing Rules, and the Board believes it is fair and reasonable for shareholders [5]. Group 3: Share Pricing and Impact - The price for the offer shares will be based on the most recently published net asset value of existing shares plus associated offer costs, and it is not expected to materially dilute existing shareholders' net asset value per share [6]. - The offer shares will rank pari passu with existing shares from the date of issue [6]. Group 4: Regulatory Approval - The prospectus has been approved by the Financial Conduct Authority and will be available for download from the company's website and the National Storage Mechanism [7].