Proven Growth & Income VCT plc : Issue of Equity

ProVen Growth and Income VCT plc 

Issue of equity

10 November 2016

The Directors of ProVen Growth and Income VCT plc announce an allotment on 9 November 2016 of ordinary shares of 1.6187p each ("Ordinary Shares") pursuant to the Offer for Subscription that opened on 21 September 2016. 9,474,341 Ordinary Shares were allotted at an average price of 81.8p, based on the latest announced net asset value of 80.2p 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.

Included within the allotment are allotments to Directors, including persons closely associated, as follows:

Person	Director/PDMR	Shares allotted	Issue price
Mr Marc Vlessing	Director	123,753	80.8p
Mr Malcolm Moss	Director	37,125	80.8p
Mrs Natasha Christie-Miller	Director	12,375	80.8p
Mr James Stewart	Director	12,375	80.8p

These shares will rank pari passu with existing Ordinary Shares.

Following this allotment, the issued share capital and total voting rights of the Company is 98,477,321 Ordinary Shares.

Beringea LLP
Company Secretary
Telephone [phone]

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Source: Proven Growth & Income VCT plc via Globenewswire