PGOO Proven Growth & Income Vct Plc

 
TIDMPGOO 
 
 
   ProVen VCT plc 
 
   ProVen Growth and Income VCT plc 
 
   21 February 2020 
 
   Statement re Offer for Subscription -- Additional Shares for Early 
Applications 
 
   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 27 January 2020 (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, has been received by Beringea LLP (the "Receiving Agent"). 
 
   Applicants for whom valid application forms were, or are, received by 
Beringea after the first GBP5 million of gross applications were 
received will not benefit from additional shares in either of the 
Companies under the Offer. 
 
   The Offer will close not later than 5.00pm on 2 April 2020 in respect of 
the 2019/2020 Offer and not later than 1.00pm on 30 April 2020 in 
respect of the 2020/2021 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 31 December 2020. 
 
   New Ordinary Shares will be allotted and issued in respect of valid 
applications received for the 2019/2020 Offer on 2 March 2020, 30 March 
2020 and 3 April 2020 and any other date prior to 5 April 2020 on which 
the Directors decide, and for the 2020/2021 Offer on 6 April 2020 and 30 
April 2020, and any other dates after 5 April 2020 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

February 21, 2020 05:29 ET (10:29 GMT)

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