ProVen VCT plc Announces Successful Share Allotment Closure

Author: Evelyn Baker Updated: 10-08-2025 09:31 AM

ProVen VCT plc Announces Successful Share Allotment Closure

ProVen VCT plc

In a significant update, ProVen VCT plc has successfully completed an allotment of ordinary shares as part of its recent offer for subscription. This allotment, which involved the issuance of ordinary shares priced at 10p each, showcases the strong demand from investors.

Details of the Share Allotment

The Board has confirmed that a total of 3,064,482 ordinary shares were allotted at an average price of 64.04p. This pricing is reflective of the most recent net asset value of 61.65p per share as of a specified date, which has been adjusted to account for a recent dividend distribution of 1.75p paid earlier in the month.

Application for Admission to Official List

In accordance with regulatory requirements, the company will be applying for these newly allotted shares to be admitted to the Official List of the Financial Conduct Authority. This is a critical step for facilitating trading on the London Stock Exchange's market for listed securities.

Impact of the Allotment

With this latest allotment, ProVen VCT plc has bolstered its share capital, bringing the total issued share capital to 287,536,595 ordinary shares. This significant milestone demonstrates the company’s strong position in the market and its continuing appeal to investors.

Closure of Subscription Offer

Additionally, the company has announced the closure of its combined offer for subscription, which included shares from ProVen Growth and Income VCT plc. This offer, which opened on a previous date in November, has officially closed as of the specified time on 30 September 2025.

Future Implications for Investors

This closure marks an important phase for the investors who participated, as it highlights the company's proactive measures in fundraising and equity management. Investors can look forward to the benefits that these developments bring to their existing and future holdings.

Contact Information

For any inquiries, stakeholders and interested parties can reach out to Beringea LLP, the company secretary, by calling 020 7845 7820.

Frequently Asked Questions

What was the purpose of the share allotment by ProVen VCT plc?

The share allotment was part of an offer for subscription aimed at raising capital and enhancing the company’s financial position.

How many shares were allotted?

A total of 3,064,482 ordinary shares were allotted during this process.

What was the average price per share for this allotment?

The average price per share for the allotment was 64.04p.

When did the offer for subscription close?

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

Who can I contact for more information about ProVen VCT plc?

For more details, you can contact Beringea LLP, the company secretary, at 020 7845 7820.

About The Author

Greetings, I'm 32-year-old author and financial specialist Evelyn Baker. My introduction into the financial industry started with an economics degree and continued with a wealth of experience in wealth management and financial consulting. My great passion over the years has been assisting people and companies in making wise, well-informed decisions to reach their financial objectives.

My goal with writing is to simplify difficult financial ideas into understandable, doable guidance. My goal in writing many books and articles is to make personal finance understandable to everyone, irrespective of their experience or background. I want to give readers the information they need to take charge of their financial futures, from investing and retirement planning to budgeting and saving.

Along with my writing, I lead webinars and workshops where I provide doable advice and methods for achieving financial success. To reach a larger audience, I also frequently contribute to financial blogs and publications. My method is always to offer doable, real-world guidance that can actually improve people's lives.

Aside from my job, I like to cook, travel, and experience other cultures. I work hard to apply my belief in the value of a balanced life to my financial counsel. My goal in working is to encourage and enable people to succeed financially so they may lead the best lives possible.

Contact Evelyn Baker privately here. Or send an email with ATTN: Evelyn Baker 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.

ProVen VCT plc Announces Successful Share Allotment Closure