27th Jun 2005 18:14
Proven VCT PLC27 June 2005 Issue of Equity and Closure of Offer ProVen VCT plc ("the Company") The Board is pleased to announce that the Company has made the following shareallotment in accordance with the pricing formula set out in the offer documentcontaining an offer for subscription for up to 2.4 million Ordinary Shares of 5peach ("Ordinary Shares") dated 4 April 2005 ("the Offer"). On 27 June 2005, 652,398 Ordinary Shares were issued under the Offer at a priceof 112.92p per share raising £736,670. The total amount raised under the Offeris £1,430,083. The total number of shares in issue following this allotment is24,625,354. Application will be made for the admission of the 652,398 ordinaryshares to the Official List of the UK Listing Authority and to trading on LondonStock Exchange plc's market for listed securities. As part of this issue of Ordinary Shares pursuant to the Offer, Andrew Davison,Chairman of the Company, purchased 4,428 Ordinary Shares. Mr Davison'sshareholding of 4,428 Ordinary Shares represents approximately 0.02% of theCompany's issued share capital. Following this allotment on 27 June 2005 the Offer was closed. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Proven Vct