ProVen Growth & Income VCT Plc
LATEST NEWS
Beringea Exit Organic Baby Food Company Plum Baby
8 June 2010 - London - Beringea, manager of ProVen Health VCT, has announced that it has sold the VCT's stake in Plum Baby. The realisation has been facilitated by the sale of the leading premium organic baby food company to Darwin Private Equity.
ProVen Growth & Income VCT Plc is a generalist fund that invests in a diversified portfolio of UK based unquoted companies that have significant potential for growth.
After it has invested in a business, Beringea remains closely involved, aiming to add value wherever possible. As the values of the investments increase, Beringea aims to identify opportunities for profitable realisations. Capital gains made on disposals of the investments are not subject to tax and are distributed to shareholders in ProVen Growth & Income VCT as tax free dividends.
ProVen Growth & Income VCT plc is the best-performing VCT launched in the tax year - 2001/2002 and the 2nd best performing VCT of all time. Source: www.taxefficientreview.com.
For more information on the ProVen Growth & Income VCT, please use our contact form or call 0845 686 0225.
Performance Tables
The following tables show the return per £1 invested, for shareholders who invested at the original launch of the respective share class. Please note: This table shows how ProVen Growth & Income VCT has performed historically. However, past performance is no guide to future performance.
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Source: Final results for the year ended 28 February 2010. |
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| PGIVCT New ordinary shares (Created October 2009) | PGIVCT D Shares (Launched November 2008) | |
|---|---|---|
| Current NAV | 74.10p | 92.30p |
| Cumulative dividends paid since launch | 0.00p | 0.00p |
| Total return (NAV + dividends paid) | 74.10p | 92.30p |
The new ordinary shares were formed from the consolidation of the original ordinary shares and original C shares in October 2009.
The performance of the original ordinary shares and original C shares based on the net asset value of the new ordinary shares and the historic dividends paid prior to consolidation is as follows:
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Source: Final results for the year ended 28 February 2010. |
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| PGIVCT Original ordinary shares (Launched February 2001) | PGIVCT Original C Shares (Launched November 2005) | |
|---|---|---|
| Current NAV | 45.80p | 74.10p |
| Cumulative dividends paid since launch | 146.90p | 9.60p |
| Total return (NAV + dividends paid) | 192.70p | 83.70p |
ProVen Growth & Income VCT Current Share Prices
The current share prices as provided by the London Stock Exchange:
Selling Shares
Shares of a VCT can be bought and sold on the London Stock Exchange via a stockbroker. There is, however, likely to be a very limited secondary market for shares. Investors are reminded that there may be tax implications in respect to selling VCT shares and are therefore advised to consult their independent financial adviser if they have any queries.
Buy Back Policy
ProVen Growth & Income VCT operates a policy of buying back its own shares for cancellation as they become available - subject to maintaining a level of liquidity in the fund which the directors consider appropriate. The VCTs are, however, unable to buy shares directly from shareholders, and so shareholders will need to use a stockbroker. Downing Management Services Limited is able to provide details of closed periods (when the VCTs are prohibited from buying in their own shares) and details of the prices at which the VCTs have bought in shares. Downing can be contacted at Kings Scholars House, 230 Vauxhall Bridge Road, London, SW1V 1AU; telephone 020 7416 7780.
Current offers
Download ProVen VCT and PGI VCT D Share Linked Offer Securities Note (PDF, 822k)
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