PGOO Proven Growth & Income Vct Plc

 
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)

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