ProVen Growth & Income VCT
ProVen VCT plc and ProVen Growth and Income VCT plc (the “ProVen VCTs” or the “Companies”) have launched a combined Offer for Subscription to raise up to a total of £20 million (being up to £10 million per Company) with an overallotment facility of up to a further £20 million (£10 million per Company).
This Offer will seek to build on the ProVen VCTs’ track-record of investing in entrepreneurial, growing businesses, as demonstrated by the recent disposals included in the table below. Investors in this Offer will also be buying into an existing diversified portfolio of companies, thereby gaining access to the potential flow of future dividends.
Returns generated by the portfolio will be enhanced by a range of attractive tax benefits (subject to the investor’s tax position), including 30 per cent income tax relief on the initial investment and tax free dividends.