ProVen VCT plc Unveils Fundraising Intentions
ProVen VCT plc
ProVen Growth and Income VCT plc
(collectively referred to as the "Companies")
The Companies have recently shared their plans to initiate a new combined Offer for subscription, targeted towards the tax years 2024-25 and 2025-26. This innovative fundraising opportunity signals an enhanced focus on attracting new investments and reinforcing the Companies' commitment to delivering value to shareholders.
Details of the Proposed Offer
The expected Offer will provide comprehensive information about the investment opportunities available, including the structure and expected returns. Stakeholders can look forward to a prospectus that will be published in due course, detailing the full scope and specifics of the Offer. This initiative is designed to create a platform for investors to engage and benefit from the potential growth opportunities.
Current Subscription Offer Updates
There is an ongoing subscription offer for each of the Companies, which officially opened in January 2024. This current offer is intended to remain open until late September 2024, at 3 pm BST, unless the Offer reaches full subscription earlier or the Company Boards decide otherwise. The commitment to maintaining transparency and providing investors with timely updates is a significant aspect of the Companies' operational ethos.
Contact Information for Inquiries
For those interested in learning more about the fundraising initiatives or seeking further clarification, the Companies encourage reaching out directly. Beringea LLP serves as the Company Secretary, and can be contacted through the following means:
Telephone: 020 7845 7820
Frequently Asked Questions
What is the purpose of the upcoming Offer?
The upcoming Offer aims to attract new investments to enhance growth and income opportunities for existing and prospective shareholders.
When is the current subscription offer closing?
The current subscription offer is set to close on September 27, 2024, at 3 pm BST, unless fully subscribed earlier.
Who should interested investors contact for more information?
Interested investors can contact Beringea LLP at the provided telephone number for detailed inquiries.
How will the new Offer benefit investors?
The new Offer is designed to provide investors with access to potential returns from the Companies' growth strategies and established market presence.
When will the prospectus for the new Offer be available?
A comprehensive prospectus with details of the new Offer will be published in due course, providing all necessary information for investors.
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