Proven Growth & Inc. Proven Growth And Income Vct Plc: Statement Re Offer For Subscription -- Additional Shares Under The Offer
25 Enero 2019 - 6:39AM
UK Regulatory
TIDMPGOO
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 07:39 ET (12:39 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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