Proven Growth & Inc. Proven Growth And Income Vct Plc: Issue Of Equity

 
TIDMPGOO 
 
 
   ProVen Growth and Income VCT plc 
 
   30 April 2019 
 
   Issue of Equity and Offer update 
 
   On 11 January 2019,  ProVen VCT plc and ProVen Growth and Income VCT plc 
(the "Companies") launched an offer for subscription to raise up to 
GBP60,000,000 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 GBP20,000,000, 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 11 January 2019. 
 
   The Directors of ProVen Growth and Income VCT plc announce an allotment 
today of ordinary shares of 1.6187p each ("Ordinary Shares") pursuant to 
the Offer for Subscription that opened on 11 January 2019. 1,678,179 
Ordinary Shares were allotted at an average price of 71.0p, based on the 
latest announced net asset value of 68.3p per Ordinary Share. 
 
   Application for the shares to be admitted to the Official List of the UK 
Listing Authority and to trading on the London Stock Exchange's market 
for listed securities will be made shortly. 
 
   Following the above allotment ProVen Growth and Income VCT plc announces 
that its offer has been extended in accordance with the terms of the 
Offer until 10 January 2020. 
 
   ProVen VCT plc announced today that its offer is effectively fully 
subscribed and it is closed to further applications. Investors whose 
applications for shares in ProVen VCT plc were not accepted before that 
Offer was closed are reminded that amounts in respect of that Offer will 
be re-allocated to the Proven Growth & Income VCT plc Offer, unless 
applicants had requested in their application form that such amounts be 
returned to them. 
 
   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 is also available from 
https://www.globenewswire.com/Tracker?data=MuLESnTzvW-WyuI_lOG6yjhLVQrNAAqC242N5-MliEGV7Wnj0rscmJqE_bl1OVy6Tj9gGZkPXvEUl2dAoDArabggMgio1vvp0HjhItfUvBI= 
www.provenvcts.co.uk. A copy of the Prospectus is 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 [phone] 
 
 
 
 

(END) Dow Jones Newswires

April 30, 2019 13:36 ET (17:36 GMT)

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