REG-Proven VCT plc : Issue of Equity <Origin Href="QuoteRef">PVN.L</Origin>

Proven VctAnnouncement

21/11/2017 17:05

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ProVen VCT plc
 Issue of Equity 
 21 November 2017

The Directors of ProVen VCT plc announce an allotment on 21 November 2017 of
ordinary shares of 10p each ("Ordinary Shares") pursuant to the Offer for
Subscription that opened on 20 October 2017. 3,209,077 Ordinary Shares were
allotted at an average price of 98.3p, based on the latest announced net asset
value of 94.8p per Ordinary Share.

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.

Included within the allotment are allotments to Directors, including persons
closely associated, as follows:

 Person             Director/PDMR  Shares allotted  Issue price  
 Mr Andrew Davison  Director            10,311         97.0p     
 Mr Neal Ransome    Director            20,411         98.0p     
 Mr Malcolm Moss    Director            25,777         97.0p     

These shares will rank pari passu with existing Ordinary Shares.

Following this issue, the total number of Ordinary Shares in issue is
101,868,661, which is also the total number of voting rights.

Beringea LLP
 Company Secretary
 Telephone 020 7845 7820

 

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Source: Proven VCT plc via Globenewswire