Proven Growth & Inc. Proven Growth & Income Vct Plc : Statement Re Offer For Subscription - Closure Of Offer
January 18 2017 - 8:08AM
UK Regulatory
TIDMPGOO
ProVen Growth and Income VCT plc
18 January 2017
Statement re Offer for Subscription - Closure of Offer
ProVen Growth and Income VCT plc (the "Company") is pleased to announce
that the Offer for Subscription which opened on 21 September 2016 (the
"Offer") has seen a strong level of demand and is expected to reach the
GBP30 million fundraising target shortly. As a result, the Offer will
close to further applications at 5 p.m. on Tuesday 31 January 2017 (the
"Offer Closure Date"). The Directors of the Company have authorised the
use of the over-allotment facility up to GBP10 million in order to
satisfy investor demand in excess of the fundraising target of GBP30
million, subject to applications being received before 5 p.m. on the
Offer Closure Date.
The final allotment for the 2016/17 tax year is expected to take place
on 3 March 2017. There will be a further allotment for the tax year
2017/18 to follow as soon as practicable after 5 April 2017, following
which the Offer will close. Following each such allotment the Company
will announce the numbers and issue prices of the shares allotted.
Dealings in the shares are expected to commence shortly after each
allotment.
For further information please contact Shane Elliott or Kate Mansfield
on 020 7845 7820.
Beringea LLP
Company Secretary
Telephone 020 7845 7820
- End
This announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: Proven Growth & Income VCT plc via Globenewswire
(END) Dow Jones Newswires
January 18, 2017 08:08 ET (13:08 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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