ProVen VCT plc
Issue of Equity
10 March 2016
The Directors of ProVen VCT plc announce an allotment on 10 March 2016 of ordinary shares of 10p each ("Ordinary Shares") pursuant to the Offer for Subscription that opened on 3 December 2015. 18,578,984 Ordinary Shares were allotted at an average price of 101.83p, based on the latest announced net asset value of 99.5p per Ordinary Share.
Application for the shares to be admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's market for listed securities will be made shortly.
Included within the allotment are allotments to PDMRs, including connected persons, as follows:
| Person | Director/PDMR | Shares allotted | Issue price |
| Mr Andrew Davison | Director | 14,962 | 100.25p |
| Mr Malcolm Moss | Director | 24,937 | 100.25p |
These shares will rank pari passu with existing Ordinary Shares.
Following this issue, the total number of Ordinary Shares in issue is 84,052,779, which is also the total number of voting rights.
Beringea LLP
Company Secretary
Telephone 020 7845 7820
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