ProVen VCT Allocates New Ordinary Shares Amid Growing Interest

Author: Ryan Hughes Updated: 05-12-2025 07:17 AM

ProVen VCT plc Announces Allotment of New Share Equity

ProVen VCT plc

Latest Share Issuance

The Directors of ProVen VCT plc have recently shared important news regarding the allotment of ordinary shares. This initiative is part of their ongoing offer for subscription that commenced recently, showcasing the company’s proactive approach to capital growth.

Details of Share Allotment

In total, 124,160 new ordinary shares, each valued at 10p, were allocated at an average price of 64.43p. This price reflects the company's solid performance and the latest net asset value per share, which is currently 62.5p. This valuation has been adjusted to account for a recent dividend payment of 1.5p, further signifying the company’s commitment to shareholder returns.

Implications of the Allotment

This strategic move is more than just a routine issuance; it signifies the growing interest in ProVen VCT among investors. Each newly issued share will rank equally with existing ordinary shares, ensuring that all shareholders have the same rights and privileges associated with their investments.

Future Steps for ProVen VCT

Following the allotment, ProVen VCT intends to apply for the shares to be listed on the Official List by the Financial Conduct Authority and to facilitate trading on the London Stock Exchange's listed securities market. This step is crucial, as it enhances the company's visibility and accessibility to potential investors.

Company's Share Capital Overview

With the completion of this share issuance, ProVen VCT’s total issued share capital stands at 285,153,185 ordinary shares. This significant number reflects the company’s robust strategy for expansion and investor engagement, establishing a solid foundation for future growth.

About ProVen VCT plc

ProVen VCT plc is dedicated to providing support and funding opportunities to high-potential growth companies. With a focus on innovation and market leadership, the company continues to attract a diverse range of investors looking to participate in promising ventures.

To learn more about ProVen VCT, you can reach out to:

Beringea LLP
Company Secretary
Telephone: 020 7845 7820

Frequently Asked Questions

What is the purpose of the recent share allotment by ProVen VCT?

The recent share allotment is aimed at raising capital to support ProVen VCT’s investment strategies and to enhance shareholder value.

How many shares were allotted in the latest announcement?

A total of 124,160 ordinary shares were allotted during this recent issuance.

What does the average share price indicate about ProVen VCT?

The average share price of 64.43p indicates strong confidence in ProVen VCT's performance and growth potential among investors.

What rank will the newly allotted shares hold?

All newly allotted shares will rank pari passu with existing ordinary shares, ensuring equal rights among all shareholders.

How can I contact ProVen VCT for more information?

You can reach ProVen VCT by contacting Beringea LLP at 020 7845 7820 for any inquiries or further information.

About The Author

Hello, my name is Ryan Hughes. I am a financial, economics, and stock market specialist committed to assisting people in negotiating the intricacies of the financial system. Having a great deal of experience and a thorough grasp of market dynamics and economic trends, my area of expertise is converting complex financial ideas into understandable, practical knowledge. By use of my articles and blog entries, I hope to give you the information and assurance you need to make wise financial choices.

I've had the honor of interacting with a wide range of readers as a writer for several financial blogs, from new investors to seasoned market participants. To enable you to reach your financial goals, I want to make finance, economics, and stock market trends understandable and approachable. I appreciate you traveling with me toward success and financial literacy.

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