Proven VCT plc : Statement re Offer for Subscri...

ProVen VCT plc (the "Company")

New Offer for Subscription (the "Offer")

The Company is pleased to announce its intention to launch an Offer to raise up to the Sterling equivalent of €5 million (approximately £4.5 million) by way of an issue of new ordinary shares in the Company. This is the maximum amount allowed under the EU Prospectus Directive 2003/71/EC without the issue of a full prospectus.

Full details of the proposed Offer will be released in due course.

Beringea LLP

Company Secretary

Telephone [phone]

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Source: Proven VCT plc via Globenewswire