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Proven VCT ( (GB:PVN) ) has issued an update.
ProVen VCT plc and ProVen Growth and Income VCT plc have announced their intention to utilize an over allotment facility to increase the number of new ordinary shares available for subscription, potentially raising up to £20 million for each company. This move is intended to accommodate investor demand and follows an extension of their offer period until 30 September 2025, with a possible further extension until 5 November 2025, demonstrating the companies’ strategic efforts to enhance investment capacity.
More about Proven VCT
ProVen VCT plc and ProVen Growth and Income VCT plc operate in the financial industry, focusing on venture capital trusts. They aim to raise capital through the issuance of new ordinary shares, targeting investors interested in venture capital opportunities.
Average Trading Volume: 634,909
Technical Sentiment Signal: Buy
See more insights into PVN stock on TipRanks’ Stock Analysis page.