Proven VCT plc Proven Vct Plc: Statement Re Offer For Subscription - Additional Shares For Early Applications
06 January 2021 - 4:07AM
UK Regulatory
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 020 7845 7820
- End
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January 05, 2021 12:07 ET (17:07 GMT)
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