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Proven Growth and Income VCT ( (GB:PGOO) ) just unveiled an announcement.
ProVen Growth and Income VCT plc has allotted 459,297 new ordinary shares of 1.6187p each under its ongoing offer for subscription, at an average price of 49.15p per share. The pricing was set with reference to the latest adjusted net asset value of 47.75p per share, which reflects a recent dividend distribution.
The company will shortly seek admission of the newly issued shares to the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange, with the new shares ranking pari passu with existing ordinary shares. Following this issuance, ProVen’s total issued share capital and voting rights have increased to 335,180,416 ordinary shares, modestly expanding its capital base and potentially enhancing liquidity for investors.
More about Proven Growth and Income VCT
ProVen Growth and Income VCT plc is a UK-listed venture capital trust focused on providing investors with exposure to a diversified portfolio of growth-oriented, income-generating companies. The trust’s shares trade on the London Stock Exchange, and it is managed with an emphasis on delivering both capital growth and regular distributions to shareholders.
Average Trading Volume: 666,337
Technical Sentiment Signal: Buy
See more data about PGOO stock on TipRanks’ Stock Analysis page.