Proven Growth Regulatory News (PGOO)

31 Mar 2026 16:58

ProVen VCT plcProVen Growth and Income VCT plc

31 March 2026

Intention to utilise an over allotment facility

On 17 November 2025, ProVen VCT plc and ProVen Growth and Income VCT plc (the “Companies”) launched offers for subscription (the “Offer”) to raise up to £40 million by way of an issue of new ordinary shares ("New Ordinary Shares") in the Companies, with each of the Companies raising up to £15 million, together with an over allotment facility of up to a further £5 million for each Company. Full details of the Offer are contained in a prospectus (comprising a Securities Note, Registration Document and Summary (the “Prospectus")), which was published by the Companies on 17 November 2025.

As set out in the Prospectus, the directors of the Companies have the ability (at their discretion) to utilise the over allotment facility and increase the number of New Ordinary Shares available for subscription under the Offer in order to raise up to £20 million in each of the Companies. Accordingly, the directors of both Companies are pleased to announce that they intend to utilise the over allotment facility, in order to ensure capacity for those wishing to invest in the Companies.

The Offer will close not later than 12 p.m. on 1 April 2026 in respect of the 2025/2026 tax year and not later than 5 p.m. on 30 April 2026 in respect of the 2026/2027 tax year, or as soon as the Offer is fully subscribed. The Directors, in their absolute discretion, may decide to close the Offer earlier or extend the closing date in respect of the 2026/2027 tax year to a date no later than 16 November 2026.

To obtain a hard copy of the Securities Note private investors and Financial Advisers should call the investment manager, Beringea LLP, on 020 7845 7820. A downloadable version of the Securities Note (and the entire Prospectus) is also available from www.provenvcts.co.uk. A copy of the Prospectus is also available, free of charge, from the registered office of the Companies:

Beringea LLPCharter House55 Drury LaneLondon WC2B 5SQ

For further information please contact:

Shane Elliott on 020 7845 7820

Beringea LLPCompany SecretaryTelephone 020 7845 7820