ProVen Growth and Income VCT plc: Extension of 2026/2027 Offer

Summary by AI ^BETAClose X

ProVen Growth and Income VCT plc has extended its 2026/2027 Offer for subscription, originally launched on 17 November 2025, until 30 September 2026 at 1pm BST. The Offer aims to raise up to £40.0 million in total, with each company targeting £15.0 million, plus an over-allotment facility of up to £5.0 million per company. This extension allows for further subscription of new ordinary shares.

Disclaimer*

ProVen VCT plc
ProVen Growth and Income VCT plc

29 April 2026

Extension of 2026/2027 Offer

On 17 November 2025, ProVen VCT plc and ProVen Growth and Income VCT plc (the “Companies”) launched offers for subscription (the “Offer”) to raise up to a total of £40.0 million by way of an issue of new ordinary shares ("New Ordinary Shares") in the Companies, with each of the Companies raising up to £15.0 million, together with an over-allotment facility of up to a further £5.0 million (being up to £20.0 million for each of the Companies). Full details of the Offer are contained in a prospectus (comprising a Securities Note, Registration Document and Summary (the “Prospectus")), which was published by the Companies on 17 November 2025.

The boards of each of the Companies are pleased to announce that the 2026/2027 Offer for each of the Companies has been extended in accordance with the terms of the Offer until 30 September 2026 at 1pm BST (or such earlier date as the respective Offer is fully subscribed or as otherwise approved by the Boards).

For further information please contact:

Shane Elliott on 020 7845 7820

Beringea LLP
Company Secretary
Telephone 020 7845 7820