Final Results

From GlobeNewswire: 2024-04-15 13:20:00

Foresight VCT plc released their final results for the year ended 31 December 2023, with total net assets at £219.1 million. Dividends of 4.4p and 4.0p per share were paid in June and August 2023 respectively, with NAV per share at 85.9p at year end. The investment portfolio rose by £1.6 million in 2023.

Despite economic challenges, Foresight VCT plc achieved a Net Asset Value Total Return of 7.8% in 2023. The UK entered a recession in late 2023, with various factors affecting consumer and business confidence. The company’s investment portfolio performed well overall, with a focus on supporting and growing their diverse range of investee companies.

Foresight VCT plc aims to achieve key objectives including growth in Net Asset Value Total Return, regular dividend payments, and new investment opportunities. The company’s NAV grew to £219.1 million in 2023 with successful dividend payments made during the year. The strategy remains focused on maintaining performance and expanding the investment portfolio.

Throughout 2023, Foresight VCT plc made nine new investments and nine follow-on investments, totaling £11.5 million and £8.8 million respectively. The company also exited six investments generating proceeds of £33.2 million. The portfolio’s performance and activities indicate a successful and strategic approach to investment management for future growth.



Read more at GlobeNewswire:: Final Results