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Proven VCT ( (GB:PVN) ) has issued an announcement.
ProVen VCT plc has completed a new equity allotment, issuing 5,128,680 ordinary shares of 10p each on 2 April 2026 under its ongoing offer for subscription that opened in November 2025. The shares were issued at an average price of 63.77p, reflecting an adjusted net asset value of 61.4p per share after accounting for a recent dividend.
The company will shortly seek admission of the new shares to the Official List and to trading on the London Stock Exchange, with the shares ranking pari passu with existing ordinary shares. Following this allotment, ProVen VCT’s issued share capital and total voting rights have increased to 302,111,186 ordinary shares, modestly diluting existing holders while expanding the capital base for future investments.
More about Proven VCT
ProVen VCT plc is a UK-listed venture capital trust that issues ordinary shares to raise funds for investment, offering investors exposure to a diversified portfolio of growth companies while providing tax-efficient access to the venture capital market. Its shares trade on the London Stock Exchange, and the trust is administered by Beringea LLP as company secretary.
Average Trading Volume: 395,450
Technical Sentiment Signal: Strong Buy
For detailed information about PVN stock, go to TipRanks’ Stock Analysis page.