Proven VCT plc : Issue of Equity

ProVen VCT plc
Issue of equity
30 May 2014

The Directors of Proven VCT plc announce an allotment on 30 May 2014 of ordinary shares of 10p each ("Ordinary Shares") pursuant to the Offer for Subscription that opened on 22 October 2013 ("Offer") as follows:

1,699,175 Ordinary Shares at an average price of 103.2p

A further 813 Ordinary Shares were also allotted at a price of 99.6p in respect of shares that were omitted from the DRIS allotment that took place on 28 March 2014.

Application for the shares to be admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's market for listed securities will be made shortly. Dealings are expected to commence on or around 5 June 2014.

The Offer for Subscription will close at 1.00 pm on 30 September 2014 unless previously extended or fully subscribed at an earlier date.

Following this allotment, the issued share capital and total voting rights of the Company is Ordinary Shares 61,430,167.

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Proven VCT plc via Globenewswire

HUG#1789714