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Proven VCT plc (PVN)

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Monday 28 January, 2019

Proven VCT plc

ProVen VCT plc: Statement re Offer for Subscription - Additional Shares under the Offer

ProVen VCT plc: Statement re Offer for Subscription - Additional Shares under the Offer

ProVen VCT plc

ProVen Growth and Income VCT plc

28 January 2019

Statement re Offer for Subscription – Additional Shares under the Offer

ProVen VCT plc and ProVen Growth and Income VCT plc (individually a “Company”, collectively the "Companies") announce that valid applications for gross applications in excess of £5 million for each Company were received by Beringea by 1.00 pm on 28 January 2019 under the Offer for Subscription which opened on 11 January 2019 (the "Offer").

Applicants for whom valid application forms were, or are, received by Beringea after 1.00pm on 28 January 2019 will not benefit from additional shares in either of the Companies under the Offer.

The Offer remains open and will close not later than 1.00pm on 5 April 2019 in respect of the 2018/2019 Offer and not later than 1.00pm on 30 April 2019 in respect of the 2019/2020 Offer, or as soon as the Offer is fully subscribed. The directors of each of the Companies may decide to extend the Offer in respect of their Company at their absolute discretion to a date no later than 10 January 2020.

New Ordinary Shares will be allotted and issued in respect of valid applications received for the 2018/2019 Offer on 1 March 2019, 29 March 2019 and 5 April 2019 and any other date prior to 5 April 2019 on which the Directors decide, and for the 2019/2020 Offer on 8 April 2019 and 30 April 2019, and any other dates after 5 April 2019 and prior to the close of the Offer on which the Directors decide.

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

Beringea LLP 

Company Secretary

Telephone 020 7845 7820

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