ProVen VCT Recommends Merger and Opens Offer for Up to £40M
ProVen VCT recommends merging with ProVen Growth and Income VCT, subject to shareholder approval. Its subscription offer seeks up to £30 million, plus an over-allotment facility of up to £10 million, and is not conditional on the merger.
ProVen VCT plc recommends merging with ProVen Growth and Income VCT plc, subject to shareholder approval. It also opens a subscription offer to raise up to £30M, with an over-allotment facility of up to a further £10M; the offer is not conditional on the merger.Material DetailsContext by AI Analyst…