ProVen Planned Exit VCT Plc
LATEST NEWS
Simplestream Secures Funding From Beringea to Rollout TVPlayer
London, 13th October 2014 - Simplestream, a leading provider of 'Over the Top' (OTT) live streaming services for broadcast TV channels, is pleased to announce it has secured substantial funding from Beringea, the Manager of the ProVen VCTs. The investment will accelerate the expansion of TVPlayer, Simplestream's B2C live TV streaming service, and facilitate the addition of more channel packs and multi-channel catch-up functionality.
ProVen Planned Exit VCT is a limited life VCT that makes VCT qualifying investments which have a lower risk profile than those made by traditional VCTs. The aim is to realise these investments between 5 and 6 years from launch and return the resulting cash to shareholders. ProVen Planned Exit VCT first issued shares to investors on 28 March 2011 and the offer closed on 16 September 2011.
For more information on ProVen Planned Exit VCT Plc, please use our contact form or call 0845 686 0225.
Performance Table
The latest performance information is as follows. (Please note: This table shows how Proven Planned Exit VCT has performed historically. However, past performance is no guide to future performance.)
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Source: Half yearly report for the six months ended 31 July 2014. |
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| ProVen Planned Exit VCT Ordinary Shares (Launched November 2010) | |
|---|---|
| Current NAV | 76.60p |
| Cumulative dividends paid since launch | 18.00p |
| Total return (NAV + dividends paid) | 94.60p |
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Source: Half yearly report for the six months ended 31 July 2014. |
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| ProVen Planned Exit VCT 'A' Shares (Launched November 2010) | |
|---|---|
| Current NAV | 0.1p |
| Cumulative dividends paid since launch | 0.0p |
| Total return (NAV + dividends paid) | 0.1p |
ProVen Planned Exit VCT Current Share Prices
The current share prices as provided by the London Stock Exchange:
Selling Shares
Shares in 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
The ProVen VCTs have a policy of buying back shares at a discount of 5% (0% for ProVen Planned Exit VCT) to the last published net asset value adjusted for any dividends subsequently paid, subject to there being sufficient liquidity and the respective VCT not being in a "close period" (i.e.in the period prior to the announcement of the full year and half year results).
As the VCTs are unable to buy back shares directly from Shareholders, a stockbroker will need to be appointed to sell the shares. Shareholders considering selling their shares or trading in the secondary market, should contact the Company's Corporate Broker, Panmure Gordon (UK) Limited.
Panmure Gordon Ltd is able to provide details of close periods (when the company is prohibited from buying shares) and details of the price at which the VCT has bought in shares. They can be contacted as follows:
Chris Lloyd: 0207 886 2716
Paul Nolan: 0207 886 2717
Please do call Beringea for further clarification on 0207 845 7820.
- Download ProVen Planned Exit VCT's half-yearly report for the six months ended 31 July 2014
- ProVen Planned Exit – Electric Communications with Shareholders
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