ProVen Growth and Income VCT plc: Issue of Equity and Closure of Offer for Subscription
October 11 2024 - 9:45AM
UK Regulatory
ProVen Growth and Income VCT plc: Issue of Equity and Closure of
Offer for Subscription
ProVen Growth and Income VCT plc (the
“Company”)
Issue of equity and closure of offer for
subscription
11 October 2024
The Directors of ProVen Growth and Income VCT
plc (“the Company”) announce an allotment on 10 October 2024 of
ordinary shares of 1.6187p each ("Ordinary Shares") pursuant to the
offer for subscription that opened on 16 January
2024. 3,129,865 Ordinary Shares were allotted at an average
price of 55.2p, based on the latest net asset value of 53.2p, being
the net asset value as at 31 May 2024 of 54.7p per Ordinary Share
less the 1.5p dividend paid on 16 August 2024.
Application for the Issue Shares to be admitted
to the Official List of the Financial Conduct Authority and to
trading on the London Stock Exchange's market for listed securities
will be made shortly.
These shares will rank pari passu with existing
Ordinary Shares.
Following these allotments, the issued share
capital and total voting rights of the Company is 318,130,913
Ordinary Shares.
Consistent with the announcement on 10 June
2024, the combined offer for subscription for the Company and
ProVen VCT plc, which opened on 16 January 2024, closed on 27
September 2024 at 3pm BST.
Beringea LLP
Company Secretary
Telephone 020 7845 7820
-End-
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