Foresight VCT PLC : EGM Statement

This announcement is made by Foresight VCT plc (the "Company") in connection with an enhanced buyback ("Enhanced Buyback") and a top up offer (the "Top Up Offer") in respect of the ordinary shares of the Company, details of which were contained in the Company's circular to shareholders (the "Circular") dated 2 March 2012.

The Board is pleased to announce that at the general meeting of the Company held on 29 March 2012 and at the separate class meetings of the holders of ordinary shares, planned exit shares and infrastructure shares, adjourned to 30 March 2012, the special resolutions to approve the Enhanced Buyback and Top Up Offer, as set out in the Circular, were duly passed on a show of hands. The proxy results for the general meeting were as follows:

Resolution 1:          Authority to allot Ordinary Shares under the Top Up Offer - 1,199,524 (98.86%) votes received being in favour (or at the chairman's discretion) and 13,875 (1.14%) against.

 

Resolution 2:          Disapplication of pre-emption rights - 1,130,133 (95.76%) votes received being in favour (or at the chairman's discretion) and 49,990 (4.24%) against.

Resolution 3:          Enhanced Buyback - 1,214,796 (98.17%) votes received being in favour (or at the chairman's discretion) and 22,651 (1.83%) against.

A copy of the resolutions passed at the above meetings will shortly be available for inspection on both the Company's website (www.foresightgroup.eu) as well as at the National Storage Mechanism (www.hemscott.com/nsm.do).