Skip to main content

Intention to utilise an over allotment facility

Written by Customer Service on . Posted in Public Companies.

ProVen VCT plc
ProVen Growth and Income VCT plc

13 August 2025

Intention to utilise an over allotment facility

On 6 November 2024, ProVen VCT plc and ProVen Growth and Income VCT plc (the “Companies”) launched offers for subscription (the “Offer”) to raise up to £40 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 million, together with an over allotment facility of up to a further £5 million for each Company. 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 6 November 2024.

As set out in the Prospectus, the directors of the Companies have the ability (at their discretion) to utilise the over allotment facility and increase the number of New Ordinary Shares available for subscription under the Offer in order to raise up to £20 million in each of the Companies.  Accordingly, the directors of both Companies are pleased to announce that they intend to utilise the over allotment facility, in order to ensure capacity for those wishing to invest in the Companies.

Further to the announcement on 22 April 2025, the Offer was extended until 30 September 2025, or if earlier as soon as the Offer is fully subscribed. The directors of each of the Companies may decide to extend the Offer in respect of their Company at their absolute discretion to a date no later than 5 November 2025.  

To obtain a hard copy of the Securities Note private investors and Financial Advisers should call the investment manager, Beringea LLP, on 020 7845 7820. A downloadable version of the Securities Note (and the entire Prospectus) is also available from www.provenvcts.co.uk. A copy of the Prospectus is also available, free of charge, from the registered office of the Companies:

Beringea LLP
Charter House
55 Drury Lane
London WC2B 5SQ

For further information please contact:

Shane Elliott on 020 7845 7820

Beringea LLP
Company Secretary
Telephone 020 7845 7820

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.