PVN Proven VCT PLC

ProVen VCT plc: Statement re Offer for Subscription – Additional Shares under the Offer

ProVen VCT plc: Statement re Offer for Subscription – Additional Shares under the Offer

ProVen VCT plc

ProVen Growth and Income VCT plc

25 January 2019

Statement re Offer for Subscription – Additional Shares under the Offer

ProVen VCT plc and ProVen Growth and Income VCT plc (individually a “Company”, collectively the "Companies") are pleased to announce that the Offer for Subscription which opened on 11 January 2019 (the "Offer") has seen a strong level of demand and that the first £5 million in gross applications for each Company, the level at which applicants who submit valid applications under the Offer will benefit from additional shares, are expected to be received shortly.

Each of the Companies has agreed with Beringea LLP ("Beringea"), the Companies' investment manager, that all applicants from whom valid application forms are received by Beringea by 1.00pm on 28 January 2019 or, if later, by 1.00 pm on the date on which the relevant Company first exceeds £5 million gross applications but no later than 1.00 pm on 15 February 2019, will benefit from additional shares in that Company under the Offer, even if, in either case, £5 million gross applications per Company has been exceeded. The subscription price of all such additional shares will be met by Beringea.

The Offer will close not later than 1.00pm on 5 April 2019 in respect of the 2018/2019 Offer and not later than 1.00pm on 30 April 2019 in respect of the 2019/2020 Offer, or as soon as the Offer is fully subscribed. The directors of each of the Companies may decide to extend the Offer in respect of their Company at their absolute discretion to a date no later than 10 January 2020.

New Ordinary Shares will be allotted and issued in respect of valid applications received for the 2018/2019 Offer on 1 March 2019, 29 March 2019 and 5 April 2019 and any other date prior to 5 April 2019 on which the Directors decide, and for the 2019/2020 Offer on 8 April 2019 and 30 April 2019, and any other dates after 5 April 2019 and prior to the close of the Offer on which the Directors decide.

For further information please contact Shane Elliott on 020 7845 7820.

Beringea LLP 

Company Secretary

Telephone 020 7845 7820

- End

EN
25/01/2019

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Proven VCT PLC

 PRESS RELEASE

ProVen VCT plc: Transaction in Own Shares

ProVen VCT plc: Transaction in Own Shares ProVen VCT plc Transaction in own shares26 February 2026 ProVen VCT plc announces that, on 26 February 2026, it purchased the following shares for cancellation:  No. purchasedPrice paid per share% of class in issueOrdinary shares of 10p each2,833,88658.33p0.98% Beringea LLPCompany SecretaryTelephone: 020 7845 7820 -End

 PRESS RELEASE

ProVen VCT plc: Total Voting Rights

ProVen VCT plc: Total Voting Rights ProVen VCT plcTotal Voting Rights2 February 2026 In conformity with the Disclosure and Transparency Rule 5.6.1, ProVen VCT plc announces that the Company's capital and voting rights, as at 31 January 2026, are summarised as follows:  Shares in issueVoting rights per ShareVoting rightsOrdinary shares of 10p each289,358,5421289,358,542    Total voting rights  289,358,542     The Company does not hold any shares in treasury.The above takes account of any shares that have been recently bought back for cancellation, even if such transactions have not yet sett...

 PRESS RELEASE

ProVen VCT plc: Director/PDMR Shareholding

ProVen VCT plc: Director/PDMR Shareholding ProVen VCT plc  Director/PDMR Shareholding 30 January 2026ProVen VCT plc (the “Company”) hereby announces that on 30 January 2026, certain directors purchased ordinary shares of 10 pence each in the Company. This notification relates to transactions notified in accordance with the Market Abuse Regulation, further details of which are set out below. 1 Details of the person discharging managerial responsibilities/person closely associated a) Name James Barbour-Smith 2 Reason for the notification a) Position/status Non-Executive Director ...

 PRESS RELEASE

ProVen VCT plc: Issue of Equity

ProVen VCT plc: Issue of Equity ProVen VCT plcIssue of Equity (DRIS)30 January 2026 The Company announces that it has on 30 January 2026 allotted 1,131,083 Ordinary Shares of 10p each in respect of Shareholders who agreed to subscribe for shares under the terms of the Company's Dividend Reinvestment Scheme in respect of the dividend of 1.5p per Ordinary Share paid on 30 January 2026. The shares were issued at 61.4p per share (being the latest published Net Asset Value adjusted for the dividend of 1.5p paid on 30 January 2026). These shares will rank pari passu with existing Ordinary Shar...

 PRESS RELEASE

ProVen VCT plc: Interim Management Statement

ProVen VCT plc: Interim Management Statement ProVen VCT plc Interim Management Statement for the nine months ended 30 November 2025 ProVen VCT plc (the “Company”) presents an Interim Management Statement for the nine-month period ended 30 November 2025. The statement also includes relevant financial information between the end of the period and the date of this announcement. Performance  UnauditedUnauditedUnauditedAudited 30 Nov31 Aug31 May28 Feb 2025202520252025 PencePencePencePenceNet Asset Value per share (“NAV”)62.962.663.462.9Dividends paid to date*89.2589.2587.587.5Total Return ...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch