ProVen VCT plcLSE: PVN

ProVen VCT plc: Issue of Equity and Closure o...

· Issued by ProVen VCT plc via GlobeNewswire

Summary by 6ix AI

ProVen VCT plc, a venture capital trust (a listed investment company), allotted 1,480,586 ordinary shares of 10p each on October 7, 2026 at an average price of 61.51p under its offer for subscription that opened on November 17, 2025. The combined offer closed on September 30, 2026.

Key details

  • The price was based on a latest net asset value of 59.5p (the value of the company's assets minus its liabilities, per share), which is the net asset value per ordinary share as at May 31, 2026, adjusted for the dividend of 1.6p paid on August 14, 2026.
  • After this allotment, ProVen VCT plc's issued share capital and total voting rights are 300,056,220 ordinary shares.
  • The new shares will rank equally with existing ordinary shares.
  • The offer was a combined offer for ProVen VCT plc and ProVen Growth and Income VCT plc, and it closed at 1pm BST on September 30, 2026.

What’s still pending

  • Application for the new shares to be admitted to the Financial Conduct Authority's Official List and to trading on the London Stock Exchange's market for listed securities will be made shortly.

6ix AI wrote this summary from the release below and checked it against the release.

On 6ix: 6ix.com/news/proven-vct-plc-issue-of-equity-and-closure-o

ProVen VCT plc: Issue of Equity and Closure of Offer for Subscription

ProVen VCT plc 
Issue of Equity and Closure of Offer for Subscription
7 October 2026

The Directors of ProVen VCT plc announce an allotment on 7 October 2026 of ordinary shares of 10p each ("Ordinary Shares") pursuant to the offer for subscription that opened on 17 November 2025.

1,480,586 Ordinary Shares were allotted at an average price of 61.51p, based on the latest net asset value of 59.5p, being the net asset value per Ordinary Share as at 31 May 2026 adjusted for the dividend of 1.6p paid on 14 August 2026.

Application for the 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.

These shares will rank pari passu with existing Ordinary Shares.

Following this allotment, the issued share capital and total voting rights of ProVen VCT plc is 300,056,220 Ordinary Shares.

Consistent with the announcement on 29 April 2026, the combined offer for subscription for the Company and ProVen Growth and Income VCT plc, which opened on 17 November 2025, closed on 30 September 2026 at 1pm BST.

Beringea LLP
Company Secretary
Telephone 020 7845 7820

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