ProVen VCT Plc

ProVen 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 VCTs as tax free dividends. ProVen VCT is the 2nd best-performing VCT launched in the tax year – 1999/2000. Source: www.taxefficientreview.com.

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

Performance Table

Please note: This table shows how ProVen 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.
	ProVen VCT Ordinary Shares (Launched February 2000)	ProVen VCT C Shares (Launched November 2006)	ProVen VCT D Shares (Launched November 2008)
Current NAV	53.00p	76.50p	92.90p
Cumulative dividends paid since launch	93.45p	4.75p	-
Total return (NAV + dividends paid)	146.45p	81.25p	92.90p

ProVen VCT Current Share Prices

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

• ProVen VCT Ordinary Shares
• ProVen VCT C Shares
• ProVen 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 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 VCT's Annual Report

If you require a PDF reader, download Adobe Reader »