17 Jan 2019: ProVen VCT plc and ProVen Growth and Income VCT plc, managed by Beringea, have launched a Combined Offer for Subscription to raise up to £60m with an over-allotment facility of up to a further £20m. The combined £80m target would represent the largest ever fundraise for the ProVen VCTs.
Please read the following terms of use for this website then click on the link above to confirm acceptance:
The ProVen VCTs are managed by Beringea LLP, a specialist private equity fund manager based in the UK which is authorised and regulated by the Financial Conduct Authority (FCA). Beringea LLP's FCA Firm Reference Number is 496358.
The market price of VCT shares may not reflect the full underlying net asset value ("NAV") of shares and shareholders may have dificulty in selling their shares and any sale is likely to be at a discount to the NAV.
The value of shares in a VCT and the income from them may fluctuate and investors may not get back the amount they invested. The market price of VCT shares is unlikely fully to reflect their underlying net asset value. It is possible that there may not be a liquid market in the shares of VCTs and shareholders may have difficulty in selling their shares. Any sale is likely to be at a discount to net asset value.
VCTs invest in a portfolio of small companies, which by their nature carry greater risk than larger, quoted companies.
Due to a number of the features and risk factors associated with VCTs, it is an investment that is more appropriate for HNWs/Sophisticated Investors.
To comply with the requirements of the Data Protection Act 1998, we adhere to strict security procedures and have taken all measures.
A copy of these Terms of Use can be found in the Legal and Privacy section of this website.