ProVen VCT Expands Equity with New Share Issue

Proven VCT (GB:PVN) has released an update.

ProVen VCT plc has announced the issue of over a million new Ordinary Shares at an average price significantly above their latest net asset value, following a successful subscription offer that began earlier this year. The new shares, which will be admitted for trading on the London Stock Exchange, will have the same rights as the existing Ordinary Shares, expanding the company’s issued share capital and voting rights. This strategic move aims to strengthen the company’s equity base and provide investors with new opportunities to participate in ProVen VCT’s growth.

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