Issue of Equity
May 06 2011 - 10:19AM
UK Regulatory
TIDMPPE
Proven Planned Exit VCT plc ("the Company")
6 May 2011
Issue of Equity
The Directors of the Company announce an allotment on 6 May 2011 of 177,706
Ordinary Shares of 0.1p each, issued at a price of 99.9p per Ordinary Share and
177,706 A Shares of 0.1p each, issued at a price of 0.1p per A Share, pursuant
to the Offers for Subscription that opened on 2 November 2010.
Shares issued to Directors (and connected persons)/PDMRs as part of this
allotment are summarised as follows:
Shane Elliott, PDMR - 5,175 Ordinary Shares and 5,175 A Shares
Under the terms of the Offers, 88,853 Management A Shares will be allotted and
issued to Management upon the closing of the Offers.
Application for the Ordinary Shares and A Shares to be admitted to the Official
List of the UK Listing Authority and to trading on the London Stock Exchange's
market for listed securities will be made at the earliest practical opportunity
with dealings expected to commence on or before 13 May 2011.
The Offer for Subscription in respect of the 2011/2012 tax year will remain open
until 31 May 2011 unless previously extended or fully subscribed earlier.
-End
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: ProVen Planned Exit VCT plc via Thomson Reuters ONE
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