Issue of Equity

6 Apr 2006 07:00

Proven Growth & Income VCT PLC05 April 2006 ProVen Growth & Income VCT plc (the 'Company')6 April 2006 Issue of Equity ProVen Growth & Income VCT plc announces that that on 5 April 2006, 10,559,785'C' Shares of 5 pence each were issued and allotted at a price of 100 pence pershare under the Offer for Subscription made by the Company dated 22 November2005 ("the Offer"). Application for the new shares to be admitted to the Official List of the UKListing Authority and to trading on the London Stock Exchange's market forlisted securities will be made at the earliest practical opportunity. Following this allotment, there are now 24,979,862 'C' Shares in issue and, inaccordance with the Prospectus, the Offer is now closed. The Company also announces that, included within the above, is the followingallotment to a Director of the Company: Mark Vlessing, a Director, was allotted 5,150 'C' Shares in the Company at aprice of 100 pence per share. Following this allotment he controlsapproximately 0.03%. of the total voting rights of the Company. This information is provided by RNS The company news service from the London Stock Exchange