Intention to utilise an over allotment facility

Core Viewpoint - ProVen VCT plc and ProVen Growth and Income VCT plc are set to utilize an over allotment facility to raise additional funds, ensuring capacity for investors interested in the Companies [1][2]. Group 1: Fundraising Details - On 6 November 2024, the Companies launched offers for subscription to raise up to £40 million through the issuance of new ordinary shares, with each company aiming to raise up to £15 million and an over allotment facility of up to £5 million for each [1]. - The directors have the discretion to utilize the over allotment facility, potentially increasing the total amount raised to £20 million for each company [2]. Group 2: Offer Extension - The Offer has been extended until 30 September 2025, or earlier if fully subscribed, with the possibility of further extension at the directors' discretion until no later than 5 November 2025 [3]. Group 3: Contact Information - Investors and Financial Advisers can obtain a hard copy of the Securities Note by contacting the investment manager, Beringea LLP, and a downloadable version is available on the Companies' website [4].