ProVen Growth and Income VCT plc: Recent Equity Developments

Author: Logan Wright Updated: 08-15-2025 10:24 AM

ProVen Growth and Income VCT plc Announces Equity Issuance

ProVen Growth and Income VCT plc has recently made an important announcement regarding the issuance of new equity shares. This move demonstrates the company’s commitment to its shareholders and its proactive approach to capital management.

Details of the Equity Issue

The company allotted 1,375,307 Ordinary Shares, each valued at 1.6187p. This issuance is in relation to shareholders who opted to participate in the Dividend Reinvestment Scheme. This scheme entitles shareholders to reinvest their dividends back into the company, which was set at 1.5p per share.

Share Issuance Pricing

These newly issued shares were priced at 48.7p each. This rate was determined based on the latest published Net Asset Value, which was adjusted to reflect the dividend payment. Such adjustments ensure that the equity structure remains fair and equitable for all shareholders.

Impact on Share Structure

With the completion of this share issue, the total amount of Ordinary Shares in circulation has risen to 324,558,473. This number also represents the full count of voting rights available to shareholders, thus ensuring that each share holds potential influence in company decisions.

Regulatory Approval Process

The company is in the process of obtaining approval from the Financial Conduct Authority (FCA) and the London Stock Exchange for these new shares. This is a pivotal step in ensuring that the shares can be traded under the Official List, slated to commence around the end of August. Such regulatory pathways are crucial for maintaining the integrity of market operations.

Communication with Shareholders

ProVen Growth and Income VCT plc places great importance on keeping its shareholders informed. The company has established clear communication channels, exemplified by the role of Beringea LLP, the appointed company secretary. They can be reached at 020 7845 7820 for any inquiries regarding this share issuance and other corporate matters.

Vision for Growth

By allotting new shares, ProVen Growth and Income VCT plc aims to bolster its financial standing and support future growth initiatives. This strategy not only reinforces shareholder value but also fosters a robust marketplace for investment, providing opportunities for all stakeholders involved.

Conclusion

In conclusion, the recent move by ProVen Growth and Income VCT plc to issue new equity underscores its focus on growth and sustainable shareholder engagement. The operation aligns with the company’s long-term vision of creating lasting value while adhering to regulatory standards, thereby enhancing its reputation and trust within the investment community.

Frequently Asked Questions

What is the purpose of the new share issuance?

The new share issuance primarily aims to enhance shareholder value through a Dividend Reinvestment Scheme, allowing shareholders to reinvest dividends into the company.

How many shares were issued by ProVen Growth and Income VCT plc?

A total of 1,375,307 Ordinary Shares were allotted as part of the recent equity issuance.

At what price were the new shares issued?

The shares were issued at a price of 48.7p each, based on the latest published Net Asset Value.

What is the total number of Ordinary Shares after this issuance?

Following this issuance, the total number of Ordinary Shares in the market stands at 324,558,473.

How can shareholders contact the company for inquiries?

Shareholders can reach Beringea LLP, the company secretary, at the telephone number 020 7845 7820 for any questions related to the share issuance or other queries.

About The Author

Dedicated Author and financial expert Logan Wright here, 29 years old. After earning an economics degree, I spent a number of years working in different financial industries. My great passion is enabling everyone, from any background or experience level, to understand and be literate in financial matters.

My books and writings are centered on simplifying difficult financial ideas into doable, understandable guidance. Whether it's retirement planning, investing, or budgeting, I want to arm readers with the information they need to make wise financial choices and realize their financial objectives.

Apart from writing, I also frequently post to financial blogs and organize webinars and workshops targeted at enlightening participants about personal finance. Always, my strategy is to offer concise, doable advice that can truly improve people's lives.

Away from work, I like to read, travel, and sample new foods. My goal is to infuse everything I do with the balance that I think is essential to both financial and personal well-being. By my profession, I want to encourage and enable people to confidently and clearly take charge of their financial futures.

Contact Logan Wright privately here. Or send an email with ATTN: Logan Wright 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.