ProVen VCT plc
1 May 2008
1 May 2008
Portfolio Update/NAV
The Board of ProVen VCT plc is pleased to announce the sale of its interest in ILG Digital Limited to ECI Partners. The transaction valued ILG Digital in excess of £45 million.
Following the disposal of ILG Digital, the updated Net Asset Value ("NAV") per Ordinary Share based on the draft unaudited NAV per Ordinary share at 29 February 2008, after adjusting for the dividend paid on 14 March 2008 and associated performance incentive fees, is 92.4p per Ordinary Share.
The draft unaudited NAV per C Share at 29 February 2008 is 89.6p per C Share and is unaffected by the disposal of ILG Digital as the C Share pool did not hold an interest in ILG Digital.