REG-ProVen Growth and Income VCT plc: Annual Financial Report

Proven Growth and Income VctAnnouncement

06/06/2025 11:00

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ProVen Growth and Income VCT plc

Annual Financial Report
Year Ended 28 February 2025

ProVen Growth and Income VCT plc, managed by Beringea LLP, today announces the
final results for the year ended 28 February 2025. These results were approved
by the Board of Directors on 5 June 2025.

Fund Overview

 Ordinary Shares as at:                                                               28 February 2025  29 February 2024  
 Net asset value per Ordinary Share                                                   50.2p             54.7p             
 Dividends paid since class launch (originally as ‘C’ Shares)                         81.15p            78.4p             
 Total return (net asset value plus dividends paid since ‘C’ Share class launch)      131.35p           133.1p            
 Year on year change in:                                                                                                  
 Net asset value per Ordinary Share (adjusted for dividends paid in the year)         (3.2)%            6.5%              
 Dividends:                                                                                                               
 Dividends paid/payable in respect of year                                            2.75p             2.75p             
 Dividend yield                                                                       5.2%              5.2%              



Dividends

Your Board is proposing a final dividend for the year ended 28 February 2025
of 1.5p per share to be paid on 15 August 2025 to Shareholders on the register
on 18 July 2025. The payment of this dividend is subject to Shareholder
approval at the Company’s forthcoming AGM, details of which can be found
below.

The payment of this dividend will result in an equivalent reduction in the
Company’s NAV per share. The total tax-free dividends of 2.75p per share for
the year ended 28 February 2025 represents a cash return to Shareholders of
5.2% on the opening NAV per share at 1 March 2024, after deducting the prior
year’s final dividend of 1.5p per share.

Annual General Meeting

The next AGM of the Company will be held at the offices of Beringea LLP, at
Charter House, 55 Drury Lane, London, WC2B 5SQ at 12:30pm on Tuesday 15 July
2025. Those intending to attend the AGM are asked to register their intention
by emailing info@beringea.co.uk in advance of the meeting.

We understand that attendance in person may not be possible or desirable for
all who wish to attend. Therefore, the Company offers Shareholders the option
to follow proceedings of the meeting via video conference link. Any
Shareholders who wish to follow the meeting remotely, should email
info@beringea.co.uk for joining instructions.

Please note that Shareholders will not be able to vote or ask questions at the
AGM when joining remotely. Shareholders are encouraged, even if they are
planning to attend the AGM in person, to exercise their votes by submitting
their proxy electronically via their Signal Shares account at
https://www.signalshares.com/ and to appoint the Chair of the AGM as their
proxy with their voting instructions.

Shareholders who wish to submit questions in advance of the AGM may do so via
e-mail to info@beringea.co.uk and the Board will endeavour to respond to
questions raised at the meeting.

Shareholder event

The Company’s Annual Shareholder Event continues to be well received and
provides an important opportunity for Shareholders to hear from the Investment
Manager on topics such as performance and investment activity, to ask
questions of your Board, and to receive insights and updates from the
portfolio companies.

With a shareholder base of more than 12,000, we feel it is important to
prioritise equal access to this event to as many Shareholders as possible
throughout the country and we therefore host the Annual Shareholder Event
online. Holding the event online, rather than in person, is a more
cost-effective way of reaching a larger audience, thereby benefiting all
Shareholders. This year’s event has been scheduled for 10:30am to 11:45am on
Tuesday, 15 July 2025.

You can sign up for the Annual Shareholder Event at
https://proven.connectid.cloud. If you have any questions about the event or
if you would like any support with registering, then please contact Beringea
via events@beringea.co.uk.

You may view the Annual Financial Report in full at
https://www.proveninvestments.co.uk/vct/shareholder-area. All other statutory
information can also be found there. 

A copy of the above document has been submitted to the National Storage
Mechanism and will shortly be available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

For further information, please contact: 
Beringea LLP 
Company Secretary 
Telephone 020 7845 7820