Proven Growth & Inc. Proven Growth & Income Vct Plc : Statement Re Offer For Subscription - Closure Of Offer

 
TIDMPGOO 
 
 
   ProVen Growth and Income VCT plc 
 
   18 January 2017 
 
   Statement re Offer for Subscription - Closure of Offer 
 
   ProVen Growth and Income VCT plc (the "Company") is pleased to announce 
that the Offer for Subscription which opened on 21 September 2016 (the 
"Offer") has seen a strong level of demand and is expected to reach the 
GBP30 million fundraising target shortly. As a result, the Offer will 
close to further applications at 5 p.m. on Tuesday 31 January 2017 (the 
"Offer Closure Date"). The Directors of the Company have authorised the 
use of the over-allotment facility up to GBP10 million in order to 
satisfy investor demand in excess of the fundraising target of GBP30 
million, subject to applications being received before 5 p.m. on the 
Offer Closure Date. 
 
   The final allotment for the 2016/17 tax year is expected to take place 
on 3 March 2017. There will be a further allotment for the tax year 
2017/18 to follow as soon as practicable after 5 April 2017, following 
which the Offer will close. Following each such allotment the Company 
will announce the numbers and issue prices of the shares allotted. 
Dealings in the shares are expected to commence shortly after each 
allotment. 
 
   For further information please contact Shane Elliott or Kate Mansfield 
on 020 7845 7820. 
 
   Beringea LLP 
 
   Company Secretary 
 
   Telephone [phone] 
 
   - End 
 
   This announcement is distributed by Nasdaq Corporate Solutions on behalf 
of Nasdaq Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Proven Growth & Income VCT plc via Globenewswire 
 
 
 
 

(END) Dow Jones Newswires

January 18, 2017 08:08 ET (13:08 GMT)

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