Understanding Voting Rights of ProVen Growth and Income VCT
ProVen Growth and Income VCT plc Overview
ProVen Growth and Income VCT plc is recognized for its innovative approach in the venture capital sector. The company's effective strategies aim to assist businesses in achieving their potential while providing shareholders with considerable returns on investment.
Total Voting Rights Explained
In compliance with the Disclosure and Transparency Rule 5.6.1, ProVen Growth and Income VCT plc has released significant information regarding its voting rights as of December 31, 2024. This data is crucial for shareholders who wish to understand their stake in the company.
Details of Shares and Voting Rights
As of the specified date, the company had the following details pertaining to its voting rights:
- Ordinary shares of 1.6187p each: 315,525,972 shares issued
- Each share grants one voting right
- Total voting rights amount to 315,525,972
This summarizes the substantial capital structure that solidifies the company's position in the market.
Implications for Shareholders
Shareholders are encouraged to utilize the total voting rights figure when calculating their obligation to notify any significant changes in interest in ProVen Growth and Income VCT plc. This transparency is vital, as it fosters trust and gives a clear understanding of ownership stakes.
Impact of Share Buybacks
It’s important to note that the current figures take into consideration any shares that have been bought back recently for cancellation. This indicates a proactive approach by the company in managing its capital structure, aligning with best practices for shareholder value enhancement.
No Shares Held in Treasury
ProVen Growth and Income VCT plc does not hold any shares in treasury. This absence underlines the company’s commitment to maintaining a clear and straightforward share structure, which can be appealing to potential investors.
Communication and Contact Details
For further inquiries or to seek more detailed information regarding ProVen Growth and Income VCT plc, shareholders and interested parties are welcomed to reach out to the company representative:
- Beringea LLP
- Company Secretary
- Telephone: 020 7845 7820
This ensures that all stakeholders remain informed and engaged with the company's ongoing developments.
Frequently Asked Questions
What are the total voting rights for ProVen Growth and Income VCT plc?
The total voting rights amount to 315,525,972, reflecting the number of ordinary shares issued.
How often are the voting rights updated?
Voting rights are typically updated quarterly, in accordance with the Disclosure and Transparency Rules.
Who is the company secretary for ProVen Growth and Income VCT plc?
The company secretary is Beringea LLP, responsible for administrative duties regarding corporate governance.
Can shareholders confirm their voting rights?
Yes, shareholders can confirm their voting rights by contacting the company directly using the provided contact details.
Is there a liquidity event expected soon?
While there is no specific liquidity event announced, ProVen Growth and Income VCT plc continuously seeks investment opportunities that may lead to positive shareholder returns.
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