FORESIGHT 4 VCT PLC - Foresight Group

for fundraisings (out of which all costs and expenses relating to such fundraisings were paid), there
were no related party transactions or fees paid by the Company during the years ended
28 February 2009 and 2010, the 13 month period ended 31 March 2011 or to the date of this
document in the current financial year.
10. GENERAL
Working Capital Statement
10.1 The Company is of the opinion that its working capital is sufficient for its present requirements, that
is for at least the twelve month period from the date of this document.
Capitalisation and Indebtedness Statement
10.2 As at 21 December 2011 (the latest practicable date prior to publication of this document), the
Company has no indebtedness, whether guaranteed, unguaranteed, secured, unsecured, direct
and/or contingent and there is no current intention of incurring any such indebtedness for at least
the twelve month period from the date of this document.
10.3 The capitalisation of the Company as at 30 September 2011 (extracted from the Half-Yearly
Report), is set out below. There has been no material change in the capitalisation of the Company
between 30 September 2011, the date of the Half-Yearly Report and 21 December 2011, the latest
practicable date before the date of publication of this document.
Shareholders’ Equity £’000
Called-up Share Capital 365
Share premium account 26,260
Other reserves 13,381
Total 40,006
Other
10.4 There are no governmental, legal or arbitration proceedings (including any such proceedings which
are pending or threatened, of which the Company is aware) which may have, or have had in the 12
months immediately preceding the date of this document, a significant effect on the financial
position or profitability of the Company.
10.5 There has been no significant change in the financial or trading position of the Company since
30 September 2011, the date to which the Half-Yearly Report was made up to, to the date of this
document.
10.6 Save for the movements in the net asset value per Foresight 5 Ordinary Share from 19.5p (as at
31 March 2011) to 17.4p (as at 30 September 2011) and per Foresight 5 C Share from 70.8p (as at
31 March 2011) to 60.7p (as at 30 September 2011), there has been no significant change in the
financial or trading position of Foresight 5 since 31 March 2011, the date to which the Foresight 5
half-yearly report was made up to, to the date of this document.
10.7 Save for the movement in the net asset value per Activity 3 Share from 18.6p (as at 31 March
2011) to 22.7p (as at 30 September 2011), there has been no significant change in the financial or
trading position of Acuity 3 since 31 March 2011, the date to which the Acuity 3 half-yearly report
was made up to, to the date of this document.
10.8 Save for the initial public offer which closed on 12 December 2011 and raised £1.7 million (before
expenses), there has been no significant change in the financial or trading position of Foresight
Clearwater since 30 September 2011, the date of the Foresight Clearwater half-yearly report, to the
date of this document.
10.9 There have been no important events so far as the Company and the Directors are aware relating
to the development of the Company or its business.
10.10 There have been no significant factors, whether governmental, economic, fiscal, monetary or
political, including unusual or infrequent events or new developments nor any known trends,
uncertainties, demands, commitments or events that are reasonably likely to have an effect on the
Company’s prospects or which have materially affected the Company’s income from operations so
far as the Company and the Directors are aware.
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