ProVen Growth and Income VCT plc
Results of "C" Share Tender Offer
7 July 2009
ProVen Growth and Income VCT plc ("the Company") announces that
applications to tender 6,486,320 "C" Shares were received under the
Tender Offer dated 9 June 2009. Subject to the passing of a special
resolution to be proposed at the Annual General Meeting of the
Company on 7 July 2009, the Company will acquire 5,079,999 "C" Shares
at 75.35p per "C" Share. "C" Shareholders who tendered up to 20.438%
of their holding of "C" Shares (the "Basic Entitlement") will have
their application satisfied in full. "C" Shares tendered in excess of
the Basic Entitlement will be scaled back such that tenders for
approximately 68.5% of "C" Shares" in excess of the Basic Entitlement
will be accepted.
C" Shareholders will receive notification of the number of "C" Shares
for which their tender was accepted, the cash proceeds from the
Tender Offer and a new share certificate, or a credit to the
appropriate CREST account, if applicable, for unsuccessfully tendered
"C" Shares, in due course.
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