Proven VCT plc Proven Vct Plc: Fundraising Update - Expected Close Of Offer
17 February 2021 - 2:20AM
UK Regulatory
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 020 7845 7820
(END) Dow Jones Newswires
February 16, 2021 10:20 ET (15:20 GMT)
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