ProVen Growth & Income VCT Plc

ProVen Growth & Income VCT Plc is a generalist fund that invests in a diversified portfolio of UK based unquoted companies that have significant potential for growth.

After it has invested in a business, Beringea remains closely involved, aiming to add value wherever possible. As the values of the investments increase, Beringea aims to identify opportunities for profitable realisations. Capital gains made on disposals of the investments are not subject to tax and are distributed to shareholders in ProVen Growth & Income VCT as tax free dividends.

ProVen Growth & Income VCT plc is the best-performing VCT launched in the tax year - 2001/2002 and the 2nd best performing VCT of all time. Source: www.taxefficientreview.com.

For more information on the ProVen Growth & Income VCT, please use our contact form or call 0845 686 0225.

Performance Tables

The following tables show the return per £1 invested, for shareholders who invested at the original launch of the respective share class. Please note: This table shows how ProVen Growth & Income VCT has performed historically. However, past performance is no guide to future performance.

Source: Interim Management Statement for the three months ended 30 November 2009.
	PGIVCT New ordinary shares (Created October 2009)	PGIVCT D Shares (Launched November 2008)
Current NAV	75.10p	93.00p
Cumulative dividends paid since launch	0.00p	0.00p
Total return (NAV + dividends paid)	75.10p	93.00p

The new ordinary shares were formed from the consolidation of the original ordinary shares and original C shares in October 2009.

The performance of the original ordinary shares and original C shares based on the net asset value of the new ordinary shares and the historic dividends paid prior to consolidation is as follows:

Source: Beringea LLP based on the Interim Management Statement for the three months ended 30 November 2009.
	PGIVCT Original ordinary shares (Launched February 2001)	PGIVCT Original C Shares (Launched November 2005)
Current NAV	46.42p	75.10p
Cumulative dividends paid since launch	146.90p	9.60p
Total return (NAV + dividends paid)	193.32p	84.70p

ProVen Growth & Income VCT Current Share Prices


The current share prices as provided by the London Stock Exchange:

• ProVen Growth & Income VCT Ordinary Shares
• ProVen Growth & Income VCT D Shares

Selling Shares

Shares of a VCT can be bought and sold on the London Stock Exchange via a stockbroker. There is, however, likely to be a very limited secondary market for shares. Investors are reminded that there may be tax implications in respect to selling VCT shares and are therefore advised to consult their independent financial adviser if they have any queries.

Buy Back Policy

ProVen Growth & Income VCT operates a policy of buying back its own shares for cancellation as they become available - subject to maintaining a level of liquidity in the fund which the directors consider appropriate. The VCTs are, however, unable to buy shares directly from shareholders, and so shareholders will need to use a stockbroker. Downing Management Services Limited is able to provide details of closed periods (when the VCTs are prohibited from buying in their own shares) and details of the prices at which the VCTs have bought in shares. Downing can be contacted at Kings Scholars House, 230 Vauxhall Bridge Road, London, SW1V 1AU; telephone 020 7416 7780.

Current offers

Download ProVen VCT and PGI VCT D Share Linked Offer Securities Note (PDF, 822k)

Download ProVen VCTs Ordinary Share Top-Up Offer document (PDF, 1370k)

• Download a copy of ProVen Growth & Income VCT's Annual Report

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