PVN Proven VCT PLC

ProVen VCT plc: Statement re Offer for Subscription - Intention to Utilise Over-Allotment Facility

ProVen VCT plc: Statement re Offer for Subscription - Intention to Utilise Over-Allotment Facility

ProVen VCT plc

ProVen Growth and Income VCT plc

24 February 2020

Announcement of Intention to Utilise Over-Allotment Facility

On 27 January 2020, ProVen VCT plc and ProVen Growth and Income VCT plc (the “Companies”) launched an offer for subscription to raise up to £20.0 million by way of an issue of new ordinary shares ("New Ordinary Shares") in the Companies, with an over-allotment facility of up to a further £20.0 million (being up to £10.0 million for each Company), payable in full in cash on application (the “Offer”). Full details of the Offer are contained in a prospectus (comprising a Securities Note, Registration Document and Summary (the “Prospectus")), which was published by the Companies on 27 January 2020.

Under the terms and conditions of the Offer, as set out in the Prospectus, the directors of the Companies have the ability (at their discretion), if their respective Offer is oversubscribed, to increase the number of Shares available for subscription under the Offer to raise further amounts under the Offer of up to £10.0 million in each Company.

Each of the Companies expects to reach the full £10.0 million capacity under their respective Offer. Accordingly the directors of both Companies are pleased to announce that they intend to utilise part of their respective over-allotment facility, in the amount of £5.0 million for each Company.

The Offer opened on 27 January 2020 and will close not later than 5.00 pm on 2 April 2020 in respect of the 2019/2020 Offer and not later than 1.00 pm on 30 April 2020 in respect of the 2020/2021 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 31 December 2020.

To obtain a copy of the Securities Note private investors and Financial Advisers should call the investment manager, Beringea, on 020 7845 7820. A downloadable version of the Securities Note (and the entire Prospectus) is also available from . A copy of the Prospectus is also available, free of charge, from the registered office of the Company or from:

Beringea LLP

39 Earlham Street

London WC2H 9LT

For further information please contact:

Shane Elliott on 020 7845 7820

Beringea LLP

Company Secretary

Telephone 020 7845 7820

EN
24/02/2020

Underlying

PVNProven VCT PLC

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

Reports on Proven VCT PLC

 PRESS RELEASE
Free
PVN PROVEN VCT PLC

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...

February 3, 2026 1 EN
 PRESS RELEASE
Free
PVN PROVEN VCT PLC

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 ...

January 30, 2026 1 EN
 PRESS RELEASE
Free
PVN PROVEN VCT PLC

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...

January 30, 2026 1 EN
 PRESS RELEASE
Free
PVN PROVEN VCT PLC

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 ...

January 28, 2026 1 EN
 PRESS RELEASE
Free
PVN PROVEN VCT PLC

ProVen VCT plc: Total voting rights

ProVen VCT plc: Total voting rights ProVen VCT plcTotal Voting Rights5 January 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 December 2025, are summarised as follows:  Shares in issueVoting rights per ShareVoting rightsOrdinary shares of 10p each288,227,4591288,227,459    Total voting rights  288,227,459     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 set...

January 5, 2026 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch