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The latest announcement is out from Proven Growth and Income VCT ( (GB:PGOO) ).
ProVen Growth and Income VCT plc has issued 4,565,996 new ordinary shares of 1.6187p each under its ongoing offer for subscription, at an average price of 49.60p per share, calculated with reference to the latest adjusted net asset value. The company will seek admission of these shares to the Official List and to trading on the London Stock Exchange, after which they will rank pari passu with existing shares and increase the VCT’s total issued share capital and voting rights to 334,721,119 ordinary shares.
This latest equity allotment expands the company’s capital base and may enhance liquidity in its shares, while providing additional funds to support its investment activities in growth-oriented businesses. The move underscores continued investor demand for the trust’s offering and reinforces its position in the UK venture capital trust market, with implications for both existing shareholders and new investors seeking exposure to tax-advantaged growth and income strategies.
More about Proven Growth and Income VCT
ProVen Growth and Income VCT plc is a UK-listed venture capital trust focused on providing growth and income to investors through a diversified portfolio of smaller, high-growth companies. Its shares trade on the London Stock Exchange, giving retail and institutional investors tax-efficient exposure to venture-backed businesses within the UK market.
Average Trading Volume: 623,060
Technical Sentiment Signal: Buy
For an in-depth examination of PGOO stock, go to TipRanks’ Overview page.