24th Feb 2020 15:57
(Alliance News) - ProVen VCT PLC and ProVen Growth & Income VCT PLC said Monday they will utilise an over-allotment facility on top of its GBP20 million offer for subscription which was launched in late January.
The over allotment facility is also for up to GBP20 million, and both companies will utilise part of the facility at GBP10 million as the subscription offers from both companies have become oversubscribed.
The subscription offers remain open until April 2 at the latest.
Shares in ProVen VCT were down 1.4% at 69.00 pence on Monday in London, while ProVen Growth & Income were 1.7% lower at 57.50 pence.
By Dayo Laniyan; [email protected]
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