Proven VCT plc Proven Vct Plc: Statement Re Offer For Subscription - Additional Shares For Early Applications

 
TIDMPVN 
 
 
   ProVen VCT plc 
 
   5 January 2021 
 
   Statement re Offer for Subscription -- Additional Shares for Early 
Applications 
 
   ProVen VCT plc (the "Company") is pleased to announce that the Offer for 
Subscription which opened on 3 December 2020 (the "Offer") has seen a 
strong level of demand and that the first GBP5 million in gross 
applications, the level at which applicants who submit valid 
applications under the Offer will benefit from additional shares, has 
been received. 
 
   Applicants for whom valid application forms were, or are, received by or 
on behalf of the Company after the first GBP5 million of gross 
applications were received will not benefit from additional shares in 
the Company under the Offer. 
 
   The Offer will close not later than 5.00pm on 31 March 2021 in respect 
of the 2020/2021 Offer and not later than 5.00pm on 30 April 2021 in 
respect of the 2021/2022 Offer, or as soon as the Offer is fully 
subscribed. The Directors of the Company may decide to extend the 
2021/2022 Offer at their absolute discretion to a date no later than 19 
November 2021. 
 
   New Ordinary Shares will be allotted and issued in respect of valid 
applications received for the 2020/2021 Offer on dates prior to 5 April 
2021 on which the Directors decide, and for the 2021/2022 Offer on dates 
after 5 April 2021 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 [phone] 
 
   - End 
 
 
 
 
 
 

(END) Dow Jones Newswires

January 05, 2021 12:07 ET (17:07 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.