ProVen Planned Exit VCT plc (the “Company”) is a limited life VCT, launched in November 2010, to make VCT qualifying investments with a lower risk profile than those of traditional VCTs and to exit those investments and return cash to shareholders within a five to six year period. Since inception, the Company has returned a total of 92p in dividends to shareholders. The company has one remaining unquoted investment, in Blis Media Limited.
In order to wind up the Company in accordance with the original intention, following a general meeting held on 30 March 2016, it was resolved that the Company be placed into members’ voluntary liquidation. At the general meeting, Mark Supperstone and Simon Harris of ReSolve Partners Limited were appointed joint liquidators of the Company and are responsible for liaising with shareholders directly.
An exit for the final investment in Blis Media has now been completed which has resulted in an additional return to the Company. The Liquidation is expected to be finalised over the coming months once taxation clearance is granted from HM Revenue & Customs.
For further information please contact Claire Chadwick at ReSolve on 020 7702 9775 or alternatively Beringea on 020 7845 7820.
Call Beringea on 020 7845 7820 for more information.