PROVEN VCT PLC: Annual Financial Report

Core Points - ProVen VCT plc announced its final results for the year ended 28 February 2025, with the results approved by the Board on 5 June 2025 [1] Fund Overview - The net asset value (NAV) per Ordinary Share decreased from 65.2p in 2024 to 62.9p in 2025, reflecting a year-on-year change of -3.5% [2] - Total dividends paid since launch increased from 84.25p in 2024 to 87.5p in 2025 [2] - The total return, which includes net asset value plus dividends paid since launch, rose slightly from 149.45p in 2024 to 150.4p in 2025 [2] - The year-on-year change in NAV per Ordinary Share, adjusted for dividends paid, was a decrease of 1.5% [2] - The dividend yield remained stable at 5.1% for both years [2] Dividends - The Board proposed a final dividend of 1.75p per share for the year ended 28 February 2025, subject to shareholder approval at the upcoming AGM [3] - Total tax-free dividends for the year amounted to 3.25p per share, representing a cash return of 5.1% based on the opening NAV per share at 1 March 2024 [4] Annual General Meeting (AGM) - The next AGM is scheduled for 15 July 2025 at the offices of Beringea LLP in London [5] - Shareholders can attend the AGM in person or via video conference, with remote attendees unable to vote or ask questions [6][7] - Shareholders are encouraged to submit questions in advance via email [8] Shareholder Event - The Annual Shareholder Event will be held online on the morning of the AGM, providing an opportunity for shareholders to engage with the Investment Manager and Board [9][10] - The event aims to ensure equal access for all shareholders, with registration available online [11]