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ProVen VCT Announces New Share Allotment to Boost Capital

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Proven VCT ( (GB:PVN) ) has shared an announcement.

ProVen VCT plc has announced the allotment of 2,922,371 ordinary shares as part of its subscription offer initiated in November 2024. These shares were issued at an average price of 65.20p, reflecting the company’s net asset value adjustments. The new shares will be listed on the London Stock Exchange and will hold equal status with existing shares, bringing the total share capital to 284,251,362. This move is expected to enhance ProVen VCT’s market presence and provide additional capital for its operations, potentially impacting its stakeholders positively.

More about Proven VCT

YTD Price Performance: 1.71%

Average Trading Volume: 218,276

Technical Sentiment Signal: Strong Sell

Learn more about PVN stock on TipRanks’ Stock Analysis page.

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