PVN Proven Vct Plc

 
TIDMPVN 
 
 
   ProVen VCT plc 
 
   Close of Offer to further applications 
 
   22 February 2021 
 
   The Board of 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 received applications for approximately 
GBP20 million and has now closed to further applications. 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 applications for shares in ProVen VCT plc were not 
accepted before the Offer closed are reminded that 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. 
 
   Allotments in respect of valid applications received prior to the Offer 
closing and not previously allotted are expected to take place shortly 
(and, if required, on any additional date prior to 5 April 2021 on which 
the Directors decide) for applications in respect of the current tax 
year, and on or around 6 April 2021 (and any other dates after the 6 
April 2021 which the Directors decide) for applications in respect of 
the 2021/2022 tax year. Dealings in such shares is expected to commence 
within 10 business days following allotment. 
 
   For further information please contact: 
 
   Shane Elliott on 020 7845 7820 
 
   Beringea LLP 
 
   Company Secretary 
 
   Telephone 020 7845 7820 
 
 
 
 

(END) Dow Jones Newswires

February 22, 2021 11:47 ET (16:47 GMT)

Proven Vct (LSE:PVN)
Historical Stock Chart
From Apr 2024 to May 2024

Proven Vct (LSE:PVN)
Historical Stock Chart
From May 2023 to May 2024