Voting Rights Update for ProVen Growth and Income VCT plc

Author: Lucas Young Updated: 06-02-2025 05:19 AM

Overview of ProVen Growth and Income VCT plc

ProVen Growth and Income VCT plc is a notable investment trust that aims to generate growth and income through a diverse portfolio. Understanding the company's total voting rights is crucial for existing and prospective shareholders alike.

Total Voting Rights Announcement

In compliance with the Disclosure and Transparency Rules, ProVen Growth and Income VCT plc recently provided an update concerning its total voting rights as of May 31. This announcement is vital for shareholders, as it reflects the current state of shares and voting power within the company.

Details of Voting Rights

According to the latest disclosure, ProVen Growth and Income VCT plc reports a total of 327,510,361 ordinary shares in circulation. Each share carries one voting right, contributing to a total of 327,510,361 voting rights accessible to shareholders. This number is essential for computation purposes when shareholders assess whether they need to disclose their interests or changes to their holdings.

Implications for Shareholders

Since the company does not hold any shares in treasury, all issued shares are representative of the voting power. Shareholders can leverage these voting rights to influence company decisions, ensuring their voices are heard in matters regarding corporate strategies and governance.

Importance of Regular Updates

Regular updates on voting rights, such as this one, foster transparency and maintain trust between ProVen Growth and Income VCT plc and its shareholders. Understanding the current voting landscape enables shareholders to plan their involvement and strategies effectively.

Share Repurchase and Capital Changes

The report verifies that any shares recently repurchased for cancellation are reflected in these numbers, even if the settlement hasn't been finalized. This adjustment ensures accurate calculations regarding the overall voting rights available to shareholders.

Calculating Shareholder Interests

Shareholders should make note of the reported figures as they serve as the denominator for interest calculations per the FCA's Disclosure and Transparency Rules. This requirement ensures a robust framework for transparency within the investment community.

Contact Information

For further inquiries regarding voting rights or shareholder updates, stakeholders can contact Beringea LLP, the Company Secretary, at the following telephone number: 020 7845 7820. They are available to assist with any concerns or clarifications that shareholders may require.

Frequently Asked Questions

What are the total voting rights of ProVen Growth and Income VCT plc?

The current total voting rights for ProVen Growth and Income VCT plc stand at 327,510,361.

How many ordinary shares are currently in issue?

As of May 31, there are 327,510,361 ordinary shares in issue, each with one voting right.

What should shareholders do with the voting rights information?

Shareholders should use this information to determine if they need to notify any changes to their interest in the company under the FCA's rules.

Does ProVen Growth and Income VCT plc hold any shares in treasury?

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

How can shareholders contact the company for more information?

Shareholders can reach out to Beringea LLP, the Company Secretary, by calling 020 7845 7820 for any queries.

About The Author

Even at just 28 years old, Lucas Young has made a name for himself as a writer and financial expert. Lucas is a gifted communicator of difficult financial ideas and has written a number of well-received books and articles that appeal to both new and experienced investors. The financial world has come to rely on his perceptive analysis and useful counsel. Many people have been enabled to make wise investment decisions by Lucas's commitment to financial literacy and his ability to demystify the complexities of the market. Lucas is still dedicated to advising and teaching people on their financial journeys as he shares his knowledge.

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