ProVen VCT early-bird discount period extended to February, 14 2012
January 11th 2012
ProVen VCT has announced an extension to its discount period for early investments.
Investors looking to apply for New Ordinary Shares under the ProVen VCT Offer for Subscription, now have until 5:00 p.m., February 14, 2012 to benefit from additional shares made available on early applications.
Existing shareholders (and their spouses), who currently hold shares in any one of the ProVen VCTs are entitled to receive a 2% discount to the Offer Price (in the form of additional shares), while new investors will be eligible for a 1% discount on all applications received by the February 14 deadline.
The subscription price of the additional shares will be met by the manager.
The ProVen VCT New Ordinary Share Offer to raise up to £15m is scheduled to remain open until April 5, 2012 for the 2011/12 tax year, and May 31, 2012 for the 2012/13 tax year.