ProVen VCT Plc

ProVen 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 VCTs as tax free dividends. ProVen VCT is the 2nd best-performing VCT launched in the tax year – 1999/2000. Source: www.taxefficientreview.com.

For more information on the ProVen VCT, please use our contact form or call 0845 686 0225.

Performance Table

Please note: This table shows how ProVen VCT has performed historically. However, past performance is no guide to future performance.

Source: Interim management statement for the three months ended 30 November 2011.
	ProVen VCT Ordinary Shares (Launched February 2000)	ProVen VCT C Shares (Launched November 2006)	ProVen VCT D Shares (Launched November 2008)
Current NAV	55.0p	87.4p	89.7p
Cumulative dividends paid since launch	107.7p	4.8p	-
Total return (NAV + dividends paid)	162.7p	92.2p	89.7p

ProVen VCT Current Share Prices

The current share prices as provided by the London Stock Exchange:

• ProVen VCT Ordinary Shares
• ProVen VCT C Shares
• ProVen VCT D Shares

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 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 10 Lower Grosvenor Place, London SW1W 0EN; telephone 020 7416 7780.

• Download a copy of ProVen VCT's Annual Report
• ProVen VCT Circular

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