Proven VCT plc : Result of Tender Offer

ProVen VCT plc 
Result of Tender Offer

31 August 2012

ProVen VCT plc ("the Company") announces the results of its Tender Offer to C Shareholders pursuant to the Circular dated 26 June 2012 and following the approval of the requisite resolutions at the Company's Annual General Meeting held on 21 August 2012.

Applications to tender 1,198,996 C Shares, representing approximately 8.60% of the Company's issued C Share capital as at the Record Date, were received by the deadline of 1pm on 3 August 2012. Accordingly, all tender applications were satisfied in full. 

In accordance with the terms of the Tender Offer, the C Shares were purchased by the Company on 30 August 2012, at a tender price of 87.4p per C Share, being the net asset value per C Share as at 31 May 2012. The C Shares tendered and purchased will be cancelled and not re-issued.

For further information, please contact Beringea LLP, the investment manager, on 020 7845 7820.

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Source: Proven VCT plc via Thomson Reuters ONE

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