Understanding ProVen VCT plc's Voting Rights Structure

Author: Logan Wright Updated: 05-01-2025 10:01 AM

Insights into ProVen VCT plc's Voting Rights

ProVen VCT plc is making strides in transparency by providing a clear overview of its voting rights structure. As companies evolve, it becomes increasingly important for shareholders to stay informed. Today, we delve into the voting rights aspect of ProVen VCT plc, ensuring that every shareholder has the necessary information at their fingertips.

Current Capital Structure Summary

In line with the Disclosure and Transparency Rules, ProVen VCT plc has shared a detailed analysis of its capital and voting rights as of a recent date. As shareholders, understanding the implications of these voting rights is critical for participating meaningfully in the company’s decisions.

Breakdown of Share Information

As disclosed, ProVen VCT plc currently has a total of 284,251,362 ordinary shares of 10p each in circulation. Each share comes with a single voting right, which means that the total number of votes equals the number of shares in issue. This straightforward relationship simplifies how shareholders can assess their rights and influence within the company.

Understanding Total Voting Rights

The total voting rights within ProVen VCT plc stand at 284,251,362. This figure is significant for shareholders as it provides a denominator for calculating interest notifications in accordance with the Financial Conduct Authority's rules. Clear communication about total voting rights means shareholders are better equipped to understand their standing within the company.

Impact of Share Buybacks

It's also worth noting that the company does not hold any shares in treasury. This aspect can influence how voting powers are perceived, particularly during meetings or votes where shareholder participation is critical. Moreover, ProVen VCT ensures that its announcements take into account any shares that may have been repurchased for cancellation, even if transactions are not officially settled yet.

Shareholder Notification Requirements

For shareholders, the importance of being informed about total voting rights cannot be overstated. The figure provided will help steer decisions related to when notifications regarding any changes in interest should be communicated. Adhering to these requirements is crucial for regulatory compliance and maintaining good standing within the financial market.

Company Contact Information

For any queries or further clarifications regarding voting rights, shareholders can reach out to the company directly. Beringea LLP acts as the Company Secretary and can be contacted at Telephone: 020 7845 7820. It's always a good idea to keep communication lines open, especially when it relates to shareholder rights and interests.

Frequently Asked Questions

What are the total voting rights for ProVen VCT plc?

The total voting rights stand at 284,251,362, equal to the number of ordinary shares issued.

How many shares does ProVen VCT plc have in issue?

ProVen VCT plc has 284,251,362 ordinary shares of 10p each in issue.

Does ProVen VCT plc hold any shares in treasury?

No, the company does not hold any shares in treasury.

Who can shareholders contact for inquiries?

Shareholders can contact Beringea LLP, the Company Secretary, at Telephone: 020 7845 7820.

What should shareholders do if there is a change in their interest?

Shareholders are required to notify their interest according to the FCA's Disclosure and Transparency Rules based on the total voting rights.

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.

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