ProVen Growth and Income VCT plc Finalizes Equity Subscription Process

Author: Caleb Price Updated: 10-08-2025 09:30 AM

ProVen Growth and Income VCT plc Announces Equity Allotment

ProVen Growth and Income VCT plc (the "Company") has exciting news! The Company has successfully completed an allotment of ordinary shares, marking an important milestone in its capital growth efforts. This initiative is part of an offer for subscription, which began on November 6, 2024, and has culminated in a significant allocation of shares.

Current Allotment and Market Position

Recently, 2,765,922 ordinary shares, each valued at 1.6187p, were allotted at an average price of 50.68p. This figure is based on the latest net asset value of 48.7p per ordinary share, as recorded at the end of May 2025. The Company also accounted for a dividend of 1.5p that was distributed on a prior date, showcasing its commitment to providing returns to shareholders.

Admission to the Official List

ProVen Growth and Income VCT plc plans to make an application for these issued shares to be listed on the Official List of the Financial Conduct Authority, along with trading on the London Stock Exchange's market for listed securities. This step reflects the Company’s robust strategy to enhance its market presence.

Shareholder Benefits and Rights

All newly issued shares will rank equally alongside existing ordinary shares, providing current and new shareholders with shared rights in the Company’s growth. This parity ensures that all investors can participate in the success and dividend payouts that ProVen Growth and Income VCT plc aims to achieve.

Overview of Share Capital

With the new allotments completed, the total issued share capital of the Company now stands at an impressive 326,795,303 ordinary shares. This increased number underscores the confidence investors have in the Company’s prospects and its strategic direction.

Closure of Subscription Offer

The combined offer for subscription for ProVen Growth and Income VCT plc and ProVen VCT plc, initially opened on November 6, 2024, has now officially closed as of September 30, 2025, at 3 PM BST. This closure is seen as a pivotal moment in stabilizing the Company’s financial base and planning its future growth trajectory.

Contact Information

For any inquiries, you can reach out to Beringea LLP, the Company Secretary, at the telephone number 020 7845 7820. They are more than happy to assist with any questions regarding the allotments or future prospects of the Company.

Frequently Asked Questions

What is the purpose of the recent share allotment?

The recent share allotment aims to raise capital for ProVen Growth and Income VCT plc to invest in growth opportunities and enhance shareholder value.

What was the average price of the new ordinary shares?

The average price for the newly allotted ordinary shares was set at 50.68p each.

How will the newly issued shares rank?

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

When did the offer for subscription officially close?

The offer for subscription officially closed on September 30, 2025, at 3 PM BST.

Who should I contact for more information?

You can contact Beringea LLP, the Company Secretary, at 020 7845 7820 for any inquiries related to the Company or the share allotment process.

About The Author

Hey there I'm Caleb Price, a writer and financial specialist who loves to assist others in understanding the financial world. Having years of practical experience and a solid background in finance, my area of expertise is converting difficult financial ideas into useful, doable insights for my blog and publications. My goal with my writing is to give readers the information and assurance they need to successfully negotiate their financial journeys.

My ability to interact with a wide range of people—from novices starting their investing journey to seasoned investors looking for new approaches—has come from contributing to several financial blogs. Making money approachable and understandable is my goal; this will enable you to make wise choices and realize your financial objectives. We appreciate you coming along on this path to success and financial empowerment on Investors Hangout.

Contact Caleb Price privately here. Or send an email with ATTN: Caleb Price as the subject to contact@investorshangout.com.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.