Proven Growth & Income VCT plc : Miscellaneous
ProVen Growth and Income VCT plc
24 January 2013
Offer for Subscription
ProVen Growth and Income 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 through an offer for subscription of New Ordinary Shares (the "Offer").
The Offer opened on 23 January 2013 and will close not later than 5.00 pm on 5 April 2013 in respect of the 2012/2013 Offer and not later than 5.00 pm on 31 May 2013 in respect of the 2013/2014 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 2013/2014 Offer.
Applicants (and their spouses) who had an existing shareholding in one of the ProVen VCTs on 23 January 2013, and whose Application Form is received by 5.00 pm on 1 March 2013, 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 5.00 pm on 1 March 2013 will be entitled to additional New Ordinary Shares with an aggregate subscription price equivalent to 1% of the amount subscribed. The subscription price of such additional shares will be met by the Manager.
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 is also available from www.provenvcts.com.
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 web-site address:
http://www.morningstar.co.uk/uk/NSM
For further information please contact:
Shane Elliott (selliott@beringea.co.uk) and Kate Justham (kjustham@beringea.co.uk)
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 Growth & Income VCT plc via Thomson Reuters ONE
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