ProVen Planned Exit VCT Plc

ProVen Planned Exit VCT plc (the “Company”) is a limited life VCT, launched in November 2010, to make VCT qualifying investments with a lower risk profile than those of traditional VCTs and to exit those investments and return cash to shareholders within a five to six year period. Since inception, the Company has returned a total of 92p in dividends to shareholders.  The company has one remaining unquoted investment, in Blis Media Limited.

In order to wind up the Company in accordance with the original intention, following a general meeting held on 30 March 2016, it was resolved that the Company be placed into members’ voluntary liquidation. At the general meeting, Mark Supperstone and Simon Harris of ReSolve Partners Limited were appointed joint liquidators of the Company and are responsible for liaising with shareholders directly.

An exit for the final investment in Blis Media has now been completed which has resulted in an additional return to the Company.  The Liquidation is expected to be finalised over the coming months once taxation clearance is granted from HM Revenue & Customs.

For further information please contact Claire Chadwick at ReSolve on 020 7702 9775 or alternatively Beringea on 020 7845 7820.

Call Beringea on 020 7845 7820 for more information.

KEY FACTS

FOR FURTHER INFORMATION CLICK/TAP BELOW

  • TOP 0 INVESTMENTS
  • DIVIDENDS

    A Historical Dividend document can be download below. Please note: This historical dividend document shows how PPE VCT has performed historically. However, past performance is no guide to future performance.

    Download Historical Dividends Document
  • DIRECTORS

    Peter Hewitt Chairman - PPE VCT

    Peter Hewitt

    Robin Chamberlayne Director - PPE VCT

    Robin Chamberlayne

    Malcolm MossDirector

    Malcolm Moss

    Peter Hewitt

    Peter Hewitt

    Peter Hewitt

    Chairman - PPE VCT

    Email: Peter Hewitt

    Peter has over 35 years experience in property, company direction and corporate finance. He has been Chairman or Director of some 10 public companies, chairing 6 of these including 7 years as Chairman and CEO of a construction and fit out company which he founded and floated on AIM, exiting in 2004. Subsequently, he established and sold two stock broking businesses and was for 13 years a non-executive director of a £150m Close Brothers Fund. Peter is currently a non-executive director of two other public companies. He is also a member of the Project Merlin Business Finance Roundtable and an elected Alderman in the City of London, where amongst other activities, he chairs the City’s £20m Social Investment Fund.

    ×

    Robin Chamberlayne

    Robin Chamberlayne

    Robin Chamberlayne

    Director - PPE VCT

    Email: Robin Chamberlayne

    Robin Chamberlayne is a Chartered Financial Planner with extensive knowledge of Venture Capital Trusts gained through his role as a partner in Progressive Strategic Solutions LLP, an investment advisory firm specialising in tax based financial solutions, the forerunner to which he founded in 1997. He has a particular interest in energy and is a director of a number of companies in this sector that operate in the solar, renewable heat incentive and STOR markets. Robin is also a Director of Downing Structured Products VCT plc, Armstrong Energy Limited and Downing Planned Exit VCT plc.

    ×

    Malcolm Moss

    Malcolm Moss

    Malcolm Moss

    Director

    Email: Malcolm Moss

    Malcolm is a Founding Partner of Beringea. Over the last 20 years he has been responsible for the growth, development and management of the private equity business of Beringea in both the UK and the USA.

    In addition to sitting on the boards of ProVen VCT plc, ProVen Growth & Income VCT plc and ProVen Planned Exit VCT plc, he sits on the investment committees of Beringea’s three other venture capital funds and as a non-executive director on several portfolio company boards. 

Prior to founding Beringea, Malcolm gained Europe-wide industrial, planning and analytical experience in healthcare, engineering and financial services with Baxter International, Uniroyal Inc. and Lloyds TSB Group. Malcolm has a MBA from Kingston Business School and a degree in Business Studies.


    ×
  • CORPORATE GOVERNANCE

    Following a general meeting held on 30 March 2016, it was resolved that ProVen Planned Exit VCT plc be placed into members’ voluntary liquidation. At the general meeting, Mark Supperstone and Simon Harris of ReSolve Partners Limited were appointed joint liquidators of ProVen Planned Exit VCT plc and will be contacting shareholders directly shortly.

Returns Illustrator - More info

×

Net Cost

×

Dividends

×

Current Value

×

Note

×

Note

×

Note

×

Terms of Use

Please read the following terms of use for this website then click on the link above to confirm acceptance:

Regulatory Information

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.