An announcement from Downing ONE VCT ( (GB:FVEN) ) is now available.
Foresight Ventures VCT, formerly known as Thames Ventures VCT 1, announced its merger with Thames Ventures VCT 2, resulting in an enlarged company with net assets of £110 million and a reset NAV per share to 100.0p. The merger is expected to bring benefits such as improved capital deployment and liquidity for dividends, alongside a new performance incentive scheme for their Investment Adviser. Despite a decrease in NAV per share to 42.1p at the end of September 2024, the company is optimistic about future conditions following the merger and recent regulatory changes extending the UK’s VCT scheme.
More about Downing ONE VCT
YTD Price Performance: -7.21%
Average Trading Volume: 34,874
Technical Sentiment Consensus Rating: Buy
Learn more about FVEN stock on TipRanks’ Stock Analysis page.