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Proven Growth and Income VCT ( (GB:PGOO) ) has issued an update.
ProVen VCT plc and ProVen Growth and Income VCT plc have extended their joint 2026/2027 share subscription offer, which was originally launched in November 2025 to raise up to £40 million, including an over-allotment facility that could bring total fundraising to as much as £20 million per company. The extension pushes the closing date to 30 September 2026 at 1 p.m. BST, giving investors additional time to subscribe for new ordinary shares and potentially enabling the trusts to secure more capital to deploy into their venture portfolios, supporting future deal activity and portfolio expansion.
The decision to prolong the offer suggests continuing investor appetite for venture capital trust exposure and provides the vehicles with a longer window to reach or approach their fundraising targets. This may strengthen their balance sheets, enhance their ability to participate in new investment opportunities, and offer existing and new shareholders an extended period to access the associated tax-efficient investment structure.
More about Proven Growth and Income VCT
ProVen Growth and Income VCT plc and ProVen VCT plc are UK-listed venture capital trusts that raise funds from investors to provide growth capital to a portfolio of smaller, high-growth companies. Managed by Beringea LLP, the trusts focus on generating income and capital gains for shareholders through diversified investments in the venture capital and growth equity space.
Average Trading Volume: 621,924
Technical Sentiment Signal: Buy
Learn more about PGOO stock on TipRanks’ Stock Analysis page.