Foresight Sustainable Forestry Company Plc Share Offer
This offer is now closed for applications through interactive investor
Result of Equity Raise
The Issue Price has been set at 107 pence per new Ordinary Share.
Foresight Sustainable Forestry Company plc (FSF) has successfully raised gross proceeds of £45 million, through its Placing programme and Offer for Subscription.
Application has been made for 42,056,074 New Ordinary Shares to be admitted to trading on the London Stock Exchange's Main Market.
Allocations have been met in full, meaning customers will receive 100% of the amount they applied for rounded down to the nearest whole share.
Share allocations and uninvested cash are being credited today (Friday 24 June 2022). Confirmation of allocations will be sent once the shares and refunds are showing on accounts.
Please note the allocation policy was set by FSF and not Interactive Investor.
Offer period
- The Offer Period for the Foresight Sustainable Forestry Company Plc Share Offer closed at 11.30am on Thursday 23 June 2022.
Trading starts
- Admission and unconditional dealing in the new Ordinary Shares is expected to commence at 8am on Tuesday 28 June 2022. There is no conditional dealing period.
- When admitted to trading, the new Ordinary Shares will be registered with SEDOL (Stock Exchange Daily Official List) number BMDPKM7 and trade under the symbol "FSF".
- If you buy or sell Foresight Sustainable Forestry Company Plc Shares after admission the relevant share dealing rate will apply.
Richard Davidson, Chair of FSF, said:
"This fundraising represents another significant milestone for Foresight Sustainable Forestry. It has been a busy first eight months for the Company, having fully deployed the proceeds of the Company's IPO and now undertaken a further issuance of new shares. The net proceeds of the Issue, along with the proceeds of a Revolving Credit Facility that is nearing completion, will be used to acquire our imminent pipeline of forestry and afforestation assets and to further enhance the growing reach and impact of FSF. We would like to thank our existing Shareholders for their continued support and to welcome all new Shareholders."
Key information
| Issue price per share: | 107 pence |
| Minimum investment: | £1,000 (multiples of £1 thereafter) |
| Stock ticker: | FSF |
| SEDOL: | BMDPKM7 |
Expected timetable
| Offer open: | 14 June 2022 |
| Offer close: | 23 June 2022 (11.30am) |
| Result announced: | 24 June 2022 |
| Unconditional dealing starts: | 28 June 2022 (8am) |
This website is issued by, and is the sole responsibility of, Interactive Investor Services Limited. This website is an advertisement and not a Prospectus. Any application to participate in the Offer can and will only be made on the basis of the Prospectus, together with any supplements thereto.
Interactive Investor Services Limited uses the Foresight Sustainable Forestry Company Plc Prospectus in accordance with the Company's consent and the conditions set out in the Foresight Sustainable Forestry Company Plc Prospectus.
Investing in IPOs carries a high degree of risk. If you are unsure of the suitability of an investment please seek Financial Advice. You are not guaranteed to make a profit, the value of your investments can go down as well as up. You may not get back all the money you invest. Any notification of an IPO on our website is not an endorsement of the issue, nor is it solicitation for interest in the issue. Investment in the Company should not be regarded as short-term in nature. You should consider carefully all of the information set out in the Offer documents, including all the risks attached to investing in the Company before you apply.
"Foresight Sustainable Forestry Company Plc" and the Foresight Sustainable Forestry Company Plc logo are reproduced by kind permission of Foresight Sustainable Forestry Company Plc. All rights reserved.
This announcement has been published by Interactive Investor Services Limited.
This announcement has been prepared and is the sole responsibility of Interactive Investor Services Limited of 201 Deansgate, Manchester, M3 3NW, which is an authorised person for the purposes of the Financial Services and Markets Act 2000.