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Proven VCT ( (GB:PVN) ) just unveiled an announcement.
ProVen VCT plc has completed a new equity allotment, issuing 3,993,353 ordinary shares of 10p each at an average price of 63.66p under its ongoing offer for subscription launched in November 2025. The pricing was set with reference to a net asset value of 61.4p per share as at 30 November 2025, adjusted for a dividend paid at the end of January 2026, underscoring the trust’s effort to align issuance terms with underlying portfolio value.
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 stock ranking pari passu with existing ordinary shares. Following this issuance, ProVen VCT’s total issued share capital and voting rights have risen to 296,982,506 ordinary shares, modestly diluting existing holders while expanding the vehicle’s capital base for future investments.
More about Proven VCT
ProVen VCT plc is a UK-listed venture capital trust that invests in a portfolio of smaller, high-growth companies, offering investors exposure to early-stage and growth capital opportunities with associated tax advantages. The trust’s shares trade on the London Stock Exchange, and it periodically raises new equity through subscription offers to expand its investment capacity.
Average Trading Volume: 422,068
Technical Sentiment Signal: Buy
Learn more about PVN stock on TipRanks’ Stock Analysis page.