Proven Growth & Inc. Proven Growth And Income Vct Plc: Issue Of Equity
01 May 2019 - 3:36AM
UK Regulatory
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 020 7845 7820
(END) Dow Jones Newswires
April 30, 2019 13:36 ET (17:36 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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