FORESIGHT VCT PLC FORESIGHT 2 VCT PLC ... - Foresight Group
FORESIGHT VCT PLC FORESIGHT 2 VCT PLC ... - Foresight Group
FORESIGHT VCT PLC FORESIGHT 2 VCT PLC ... - Foresight Group
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een no material change in the manner in which <strong>Foresight</strong> <strong>Group</strong> provides services to the<br />
Company).<br />
6. General<br />
6.1 <strong>Foresight</strong> 1 was incorporated and registered in England and Wales under CA 1985 as a public<br />
company with limited liability on 19 August 1997 with registered number 03421340. The principal<br />
legislation under which <strong>Foresight</strong> 1 operates is CA 2006 (and regulations made thereunder). The<br />
legal and commercial name of <strong>Foresight</strong> 1 is <strong>Foresight</strong> <strong>VCT</strong> plc. <strong>Foresight</strong> 1 is domiciled in<br />
England. <strong>Foresight</strong> 1 has no employees or subsidiaries.<br />
6.2 Statutory accounts of <strong>Foresight</strong> 1 for the years ended 31 December 2008 and 2009 in respect of<br />
which <strong>Foresight</strong> 1’s former auditors, Ernst & Young LLP, have made unqualified reports under<br />
section 235 CA 1985/section 495 CA 2006, and for the year ended 31 December 2010 in respect of<br />
which <strong>Foresight</strong> 1’s current auditors, KPMG Audit plc have made unqualified reports under section<br />
495 of CA 2006 have been delivered to the Registrar of Companies and such reports did not<br />
contain any statements under sections 237(2) or (3) CA 1985/section 495 to section 497A CA<br />
2006.<br />
6.3 Save for the fees paid to <strong>Foresight</strong> <strong>Group</strong> and <strong>Foresight</strong> Fund Managers Limited under the<br />
arrangements set out at paragraph 4 above, the fees paid to the <strong>Foresight</strong> 1 Directors as detailed in<br />
paragraph 2.3 above, fees paid to <strong>Foresight</strong> <strong>Group</strong> of £120,106 (2008), £62,981 (2009), £334,214<br />
(2010) and £10,000 (current year) in respect of promotion fees, there were no related party<br />
transactions or fees paid by <strong>Foresight</strong> 1 during the years ended 31 December 2008, 2009 and 2010<br />
or to the date of this document in the current financial year.<br />
6.4 At the date of this document, there has been no significant change in the financial or trading<br />
position of <strong>Foresight</strong> 1 since 30 June 2011, the date to which the last unaudited half-yearly report of<br />
<strong>Foresight</strong> 1 was published.<br />
6.5 There are no governmental, legal or arbitration proceedings (including any such proceedings which<br />
are or were pending or threatened of which <strong>Foresight</strong> 1 is aware) at any time in the 12 months<br />
immediately preceding the date of this document which may have, or have had in the recent past, a<br />
significant effect on <strong>Foresight</strong> 1’s financial position or profitability.<br />
7. Documents Available for Inspection<br />
Copies of the following documents will be available for inspection during normal business hours on<br />
any day (Saturdays, Sundays and public holidays excepted) from the date of this document until<br />
the <strong>Foresight</strong> 1 General Meeting at the offices of Martineau at 35 New Bridge Street, London<br />
EC4V 6BW and also at the registered office of <strong>Foresight</strong> 1:<br />
7.1 the articles of association of <strong>Foresight</strong> 1 (existing and as will be amended by Resolution 1 to be<br />
proposed at the <strong>Foresight</strong> 1 General Meeting);<br />
7.2 the audited report and accounts of <strong>Foresight</strong> 1 for the financial years ended 31 December 2008,<br />
2009 and 2010 and the half-yearly report for the six month period ended 30 June 2011;<br />
7.3 the material contracts referred to in paragraph 4 above;<br />
7.4 the BDO consent referred to on the cover page of this document; and<br />
7.5 this document.<br />
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