Proven Growth & Inc. Proven Growth And Income Vct Plc: Issue Of Equity
30 Octubre 2019 - 8:04AM
UK Regulatory
TIDMPGOO
ProVen Growth and Income VCT plc
30 October 2019
Issue of Equity and Offer update
On 11 January 2019, ProVen VCT plc and ProVen Growth and Income VCT plc
(the "Companies") launched an offer for subscription to raise up to
GBP60,000,000 by way of an issue of new ordinary shares ("New Ordinary
Shares") in the Companies, with an over-allotment facility of up to a
further GBP20,000,000, payable in full in cash on application (the
"Offer"). Full details of the Offer are contained in a prospectus
(comprising a Securities Note, Registration Document and Summary ("the
Prospectus")), which was published by the Companies on 11 January 2019.
The Directors of ProVen Growth and Income VCT plc announce an allotment
today of ordinary shares of 1.6187p each ("Ordinary Shares") pursuant to
the Offer for Subscription that opened on 11 January 2019. 7,732,634
Ordinary Shares were allotted at an average price of 66.0p, based on the
latest announced net asset value of 63.2p per Ordinary Share.
Application for the shares to be admitted to the Official List of the UK
Listing Authority and to trading on the London Stock Exchange's market
for listed securities will be made shortly.
Following the above allotment ProVen Growth and Income VCT plc's offer
is effectively fully subscribed and it is therefore now closed to
further applications.
For further information please contact:
Shane Elliott on 020 7845 7820
Beringea LLP
Company Secretary
Telephone 020 7845 7820
(END) Dow Jones Newswires
October 30, 2019 10:04 ET (14:04 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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