PVN Proven Vct Plc

 
TIDMPVN 
 
 
   ProVen VCT plc 
 
   ProVen Growth and Income VCT plc 
 
   25 January 2019 
 
   Statement re Offer for Subscription -- Additional Shares under the Offer 
 
 
   ProVen VCT plc and ProVen Growth and Income VCT plc (individually a 
"Company", collectively the "Companies") are pleased to announce that 
the Offer for Subscription which opened on 11 January 2019 (the "Offer") 
has seen a strong level of demand and that the first GBP5 million in 
gross applications for each Company, the level at which applicants who 
submit valid applications under the Offer will benefit from additional 
shares, are expected to be received shortly. 
 
   Each of the Companies has agreed with Beringea LLP ("Beringea"), the 
Companies' investment manager, that all applicants from whom valid 
application forms are received by Beringea by 1.00pm on 28 January 2019 
or, if later, by 1.00 pm on the date on which the relevant Company first 
exceeds GBP5 million gross applications but no later than 1.00 pm on 15 
February 2019, will benefit from additional shares in that Company under 
the Offer, even if, in either case, GBP5 million gross applications per 
Company has been exceeded. The subscription price of all such additional 
shares will be met by Beringea. 
 
   The Offer will close not later than 1.00pm on 5 April 2019 in respect of 
the 2018/2019 Offer and not later than 1.00pm on 30 April 2019 in 
respect of the 2019/2020 Offer, or as soon as the Offer is fully 
subscribed. The directors of each of the Companies may decide to extend 
the Offer in respect of their Company at their absolute discretion to a 
date no later than 10 January 2020. 
 
   New Ordinary Shares will be allotted and issued in respect of valid 
applications received for the 2018/2019 Offer on 1 March 2019, 29 March 
2019 and 5 April 2019 and any other date prior to 5 April 2019 on which 
the Directors decide, and for the 2019/2020 Offer on 8 April 2019 and 30 
April 2019, and any other dates after 5 April 2019 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 
 
 
 
 

(END) Dow Jones Newswires

January 25, 2019 07:31 ET (12:31 GMT)

Proven Vct (LSE:PVN)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024

Proven Vct (LSE:PVN)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024