Proven VCT plc Proven Vct Plc: Fundraising Update - Expected Close Of Offer

 
TIDMPVN 
 
 
   ProVen VCT plc 
 
   Fundraising update -  expected close of Offer 
 
   16 February 2021 
 
   ProVen VCT plc (the "Company") is pleased to announce that the offer for 
subscription to raise up to GBP20 million (with an over allotment 
facility of up to a further GBP10 million) which opened on 3 December 
2020 (the "Offer") has seen a strong level of demand and is expected to 
reach GBP20 million shortly. The Board of the Company does not intend to 
utilise the over-allotment facility. As a result, the Offer is expected 
to close to further applications at 5.00 p.m. on Friday 19 February 
2021, or such time as valid applications for approximately GBP20 million 
have been accepted.  The Company reserves the right to re-open the Offer 
for applications and utilise the over-allotment facility at any time up 
to 19 November 2021, or an earlier date if fully subscribed before then. 
 
   Investors whose valid applications for shares in ProVen VCT plc are not 
accepted before the Offer closes are reminded that subscription amounts 
in respect of the Offer will be re-allocated to the Proven Growth & 
Income VCT plc Offer, unless applicants have requested in their 
application form that such amounts be returned to them., in which case 
their subscription amounts will be returned to them in accordance with 
the prospectus setting out details of the Offer . 
 
   To obtain a copy of the Securities Note, Registration Document and/or 
Summary (together the "Prospectus"), Financial Advisers should call the 
investment manager, Beringea, on 020 7845 7820. A downloadable version 
of the Prospectus is also available from 
https://www.globenewswire.com/Tracker?data=kSKz-QuO5DHHNldYlB-o2gk9VayoU2V-NWadrAwleia57L9anXimKahkc_X2d-UI02LgzfstawBSshwIWMHsCxb0ekCZnqOjEc1_lODbgjc= 
www.provenvcts.co.uk. If you are an investor, please contact your 
Financial Adviser in the first instance and make your application 
through them. 
 
   For further information please contact: 
 
   Shane Elliott on 020 7845 7820 
 
   Beringea LLP 
 
   Company Secretary 
 
   Telephone [phone] 
 
 
 
 

(END) Dow Jones Newswires

February 16, 2021 10:20 ET (15:20 GMT)

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