ProVen VCT plc: Equity Issue Ignites Growth!

Ladies and gentlemen, buckle up! We're diving into the world of venture capital trusts, and today, we're talking about ProVen VCT plc and their recent equity issue. This is a game-changer, folks! Let's break it down.



WHY THIS MATTERS!

ProVen VCT plc just announced an allotment of 3,111,715 ordinary shares at an average price of 65.14p per share. This isn't just any equity issue; it's a strategic move that's going to boost their financial stability and growth prospects. Let's dive into the details!

THE NUMBERS DON'T LIE!

The shares were allotted based on the latest net asset value (NAV) of 62.5p per share, adjusted for the dividend of 1.5p paid on January 17, 2025. This means the shares were issued at a premium to the NAV, which is a clear sign of investor confidence. The total issued share capital and voting rights of the company increased to 278,620,819 ordinary shares following this allotment. That's a massive boost in capital!

WHAT DOES THIS MEAN FOR YOU?

This equity issue is a no-brainer for investors looking to get in on the ground floor of some of the most exciting small and medium-sized unquoted companies out there. ProVen VCT plc invests in sectors like consumer/e-commerce, software as a service (SaaS), business services, healthcare, and more. This is your chance to be part of the next big thing!

COMPARING TO PREVIOUS ISSUES

Let's not forget about the previous equity issue on January 17, 2025, where ProVen VCT plc allotted 1,103,805 ordinary shares at 61.4p per share under the Dividend Reinvestment Scheme. This issue was also at a premium to the NAV, adjusted for the dividend of 1.50p paid on the same date. The shares were admitted to the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange's market for listed securities shortly after the allotment. This consistent strategy of issuing shares at a premium to the NAV shows that ProVen VCT plc is serious about growth!

THE STRATEGIC IMPLICATIONS

The allotment of 3,111,715 ordinary shares at an average price of 65.14p on March 28, 2025, is a strategic move by ProVen VCT plc to raise additional capital at a premium to the NAV. This provides funds for further investment in their portfolio of qualifying investments in small and medium-sized unquoted companies with excellent growth prospects. The company's investment manager, Beringea LLP, will likely use these funds to continue its strategy of investing in various sectors while minimizing the risk of each investment and the portfolio as a whole.

DON'T MISS OUT!

This is your chance to be part of the next big thing in venture capital. ProVen VCT plc is on fire, and this equity issue is just the beginning. Don't sit on the sidelines; get in on the action now!



BOO-YAH!

ProVen VCT plc is a company on the move, and this equity issue is just the latest in a series of strategic moves that are going to pay off big time. Don't miss out on this opportunity to be part of the next big thing in venture capital. Get in on the action now and watch your portfolio grow!

STAY TUNED!

Keep your eyes on ProVen VCT plc; they're just getting started. This is a company with a bright future, and this equity issue is just the beginning. Stay tuned for more updates and get ready to ride the wave of growth!

DISCLAIMER

This is not financial advice. Always do your own research and consult with a financial advisor before making any investment decisions.