Proven VCT plc : Issue of Equity

ProVen VCT plc
Issue of Equity (DRIS)
16 December 2016

The Company announces that it has today allotted 349,817 Ordinary Shares of 10p each in respect of Shareholders who agreed to subscribe for shares under the terms of the Company's Dividend Reinvestment Scheme in respect of the dividend of 2.5p per Ordinary Share paid on 16 December 2016.

The shares were issued at 98.3p per share (being the latest published Net Asset Value adjusted for the dividend of 2.5p paid on 16 December 2016).

These shares will rank pari passu with existing Ordinary Shares.

Application is being made to the UK Listing Authority and to the London Stock Exchange for the new shares to be admitted to the Official List and to trading on the London Stock Exchange's market for listed securities respectively. It is expected that admission will become effective and dealings in the shares will commence on the London Stock Exchange within 10 business days of allotment.

Following this issue, the total number of Ordinary Shares in issue is 98,722,043 which is also the total number of voting rights.

Beringea LLP
Company Secretary
Telephone [phone]

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Source: Proven VCT plc via Globenewswire