Proven VCT plc : Miscellaneous

ProVen VCT plc 

6 March 2015

New Share Offer and Issue of New Share Offer Document 

The board of ProVen VCT plc, ("the Company") is pleased to announce that the Company has today launched a new share offer (the "Offer") to raise up to £3.6 million in the 2014/2015 and 2015/2016 tax years.  Full details of the Offer are contained in an offer document (the "Offer Document") issued by the Company, dated 6 March 2015.

The Offer opens on 6 March 2015 and will close on 29 May 2015. The Directors reserve the right to extend the closing date at their absolute discretion to a date no later than 30 September 2015.  The Offer will close earlier if it is fully subscribed.

Pursuant to the Offer, Beringea LLP, the Company's investment manager, will receive five and a half (5.5) per cent. of the gross funds raised under the Offer from applications received through execution only brokers or directly from investors and three (3) per cent. of the gross funds raised under the Offer from applications received through financial advisers. This constitutes a related party transaction under Listing Rule 11.1.10R.

The Offer Document will shortly be available for inspection at the National Storage Mechanism, which is located at:

http://www.hemscott.com/nsm.do.

Copies of the Offer Document will also be available from the ProVen VCTs' website: 

www.provenvcts.co.uk

For further information please contact:

Shane Elliott or Kate Justham on 020 7845 7820

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Proven VCT plc via Globenewswire

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