ProVen VCT plc Issues 1.148 Million New Shares

ProVen VCT plc, a venture capital investment company, has announced the successful allotment of 1,148,536 ordinary shares of 10p each. This move follows an offer for subscription that opened on November 17, 2025, and was completed on September 11, 2026.

The shares were allotted at an average price of 61.41p, based on the latest net asset value of 59.5p, adjusted for the 1.6p dividend paid on August 14, 2026. Additionally, 7,243 shares were issued to existing shareholders to settle commission payments due to their brokers.

Following this allotment, the total issued share capital and total voting rights of ProVen VCT plc stand at 298,575,634 ordinary shares. The company has applied for the shares to be admitted to the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange's market for listed securities.

The allotment reflects the company's ongoing efforts to expand its capital base and support its investment activities. ProVen VCT plc continues to focus on providing venture capital to innovative businesses, aiming to drive growth and support entrepreneurial ventures across various sectors.

The company's decision to issue new shares also underscores its financial health and confidence in the future prospects of its portfolio companies. With the new capital, ProVen VCT plc is well-positioned to continue its mission of fostering innovation and supporting startups in their growth stages.

This development is significant for investors and stakeholders, as it signals the company's continued growth and commitment to its strategic objectives. The allotment of shares is expected to enhance the liquidity of the company's shares and provide more opportunities for investors to participate in the venture capital market.