Statement re Authorisation of over-allotment fa...

ProVen VCT plc

Statement re Authorisation of over-allotment facility

24 March 2016

On 21 March 2016, ProVen VCT plc (the "Company") announced that the Offer for Subscription which opened on 3 December 2015 (the "Offer") would close at 1 p.m. on 24 March 2016. As part of this announcement the Directors authorised the use of the over-allotment facility up to £2 million of the maximum £10 million over-allotment facility detailed in the prospectus for the Offer.

Given the continued strong demand and the applications received to date, the Directors have authorised the use of the over-allotment facility up to £4 million.

Expected timings of the final allotments for the 2015/16 and 2016/17 tax years remain in line with those announced on 21 March 2016.

For further information please contact Shane Elliott or Kate Justham on 020 7845 7820.

Beringea LLP

Company Secretary

Telephone [phone]

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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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