Proven VCT plc : Offer for Subscription

ProVen VCT plc
22 October 2013
Offer for Subscription

ProVen VCT plc (the "Company") announces that it has published a Prospectus (comprising a Securities Note, Registration Document and Summary) to raise up to £15,000,000, with an over-allotment facility of up to a further £5,000,000, through an offer for subscription of New Ordinary Shares (the "Offer").

The Offer opened on 22 October 2013 and will close not later than 1.00 pm on 4 April 2014 in respect of the 2013/2014 Offer and not later than 1.00 pm on 30 May 2014 in respect of the 2014/2015 Offer, or as soon as the Offer is fully subscribed. The Directors, in their absolute discretion may decide to increase the size of the Offer up to a maximum of £20,000,000, close the Offer earlier or extend the closing date of the 2014/2015 Offer to a date no later than 30 September 2014.

To obtain a copy of the Securities Note, private investors and Financial Advisers should call the investment manager, Beringea, on 020 7845 7820 or 0845 686 0225. A downloadable version of the Securities Note will shortly be available from www.provenvcts.com.

Applicants (and their spouses) who had an existing shareholding in one of the ProVen VCTs on 30 September 2013, and whose application form is received by 1.00 pm on 31 January 2014, will be entitled to additional New Ordinary Shares with an aggregate subscription price equivalent to 2% of the amount subscribed. All other applicants whose application form is received by 1.00 pm on 31 January 2014 will be entitled to additional New Ordinary Shares with an aggregate subscription price equivalent to 1% of the amount subscribed. The subscription price of the additional shares will be met by the Manager.

A copy of the Prospectus (comprising a Securities Note, Registration Document and Summary) is available, free of charge, from the registered office of the Company or from:

Beringea LLP
39 Earlham Street
London WC2H 9LT

Copies of the Prospectus will be submitted to the National Storage Mechanism and will shortly be available for viewing online at the following website:

http://www.morningstar.co.uk/uk/NSM

For further information please contact:

Shane Elliott ([e-mail]) and Kate Justham ([e-mail])

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The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Proven VCT plc via Thomson Reuters ONE

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