Proven Growth & Income VCT plc : Offer for Subs...
ProVen Growth and Income VCT plc
24 October 2014
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 £20 million with an over allotment facility for a further £5 million through an offer for subscription of further New Ordinary Shares (the "Offer").
The Offer opens on 24 October 2014 and will close not later than 1.00 pm on 2 April 2015 in respect of the 2014/2015 Offer and not later than 1.00 pm on 29 May 2015 in respect of the 2015/2016 Offer, or as soon as the Offer is fully subscribed. The Directors in their absolute discretion may decide to close the Offer earlier or extend the closing date of the 2015/2016 Offer to a date no later than 30 September 2015.
Applicants who had an existing holding in the Company, ProVen VCT plc or ProVen Planned Exit VCT plc on 30 September 2014 and whose application form is received by 1.00pm on 30 January 2015 will be entitled to additional New Ordinary Shares equivalent to 2% of the amount subscribed. All other Applicants whose application forms are received by 1.00pm on 30 January 2015 will be entitled to additional New Ordinary Shares equivalent to 1% of the amount subscribed.
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
A downloadable version of the Securities Note is also available from www.provenvcts.co.uk.
Copies of the Prospectus will be submitted to the National Storage Mechanism and will shortly be available for viewing online at the following website address:
http://www.hemscott.com/nsm.do
For further information please contact:
Shane Elliott or Kate Justham on 020 7845 7820
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Proven Growth & Income VCT plc via Globenewswire
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