ProVen Growth and Income VCT plc: Issue of Equity - Replacement Announcement
February 23 2023 - 10:28AM
ProVen Growth and Income VCT plc: Issue of Equity - Replacement
Announcement
ProVen Growth and Income VCT plc (the
“Company”)Issue of Equity - Replacement
Announcement23
February 2023
The Company advises of amendments to the Issue of Equity
announcement it released at 17:48 on 20 February 2023.
The reference to the number of Ordinary Shares allotted on 17
February 2023 has been corrected to 7,758,156 (and not 6,786,671
Ordinary Shares as originally announced). These Ordinary Shares
were allotted at an average price of 55.7p (and not at an average
price of 57.3p as originally announced), based on the latest net
asset value of 53.8p, being the net asset value as at 30 November
2022 of 55.3p less the 1.5p dividend paid on 2 December 2022.
Of the Ordinary Shares referred to above, 6,975,941 were issued
in certificated form and 782,215 Ordinary Shares (and not 760,996
Ordinary Shares as originally announced) were issued into CREST on
23 February 2023 (and not 20 February 2023 as originally
announced).
Accordingly the issued share capital and the denominator for the
purposes of the total voting rights of the Company is 298,375,886
Ordinary Shares (and not 298,165,397 Ordinary Shares as originally
announced).
All other details remain unchanged.
The full amended version, which replaces the announcement
released at 17:39 on 20 February 2023 is shown below.
ProVen Growth and Income
VCT plc Issue of equity
The Directors of ProVen Growth and Income VCT
plc announce an allotment on 17 February 2023 of ordinary shares of
1.6187p each ("Ordinary Shares") pursuant to the offer for
subscription that opened on 19 October 2022. In aggregate,
7,758,156 Ordinary Shares (the “Issued Shares”) were allotted at an
average price of 55.7p, based on the latest net asset value of
53.8p, being the net asset value as at 30 November 2022 of 55.3p
less the 1.5p dividend paid on 2 December 2022.
The Directors of ProVen Growth and Income VCT
plc announce that 6,975,941 of the Issue Shares were issued in
certificated form and the balance of 782,215 of the Issue Shares
were issued into CREST on 23 February 2023.
Application for the Issue Shares to be admitted
to the Official List of the Financial Conduct Authority and to
trading on the London Stock Exchange's market for listed securities
will be made shortly and dealings are expected to commence on or
around 3 March 2023.
These shares will rank pari passu with existing
Ordinary Shares.
Following these allotments, the issued share
capital and total voting rights of the Company is 298,375,886
Ordinary Shares.
Beringea LLPCompany SecretaryTelephone 020 7845 7820
-End-
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