VCT News
ProVen VCTs launch £20 million Linked Offer
20 November 2008 - London - Private equity firm Beringea today announced it has launched a £20 million Linked Offer across its two VCT funds, ProVen VCT and ProVen Growth & Income VCT.
The Offer aims to raise up to £20 million through the issue of up to 10 million new D shares in both ProVen VCT and ProVen Growth & Income VCT, with investor subscriptions divided equally between the two funds. The subscriptions for the new D share class will be invested into an entirely new portfolio of investments, but through VCTs with a proven track record of performance and by an award winning fund management team.
ProVen VCTs Announce Total Interim Dividends of £6 million
10 October 2008 - London - ProVen VCT and ProVen Growth & Income VCT, managed by private equity firm Beringea, have announced total interim dividends in excess of £6 million for the six months ended 31 August 2008.
Beringea Appoints New Head of Retail Sales
3 September 2008 - London - Beringea, manager of the ProVen VCTs, is pleased to announce that it has appointed Shane Elliott as Head of Retail Sales. Shane will be heading up Beringea's Sales and Marketing department and will be responsible for raising funds for Beringea's ProVen VCTs.
ProVen VCTs Invest in Chess Technologies
1 July 2008 - London - Beringea Ltd, manager of the ProVen VCTs, is pleased to announce a £1.5 million expansion capital investment in defence subsystem supplier, Chess Technologies.
Beringea's ProVen VCTs Exit iLG
1 May 2008 - London - Beringea, manager of the ProVen VCTs, today announced that it has sold the funds' stake iLG, a leading digital media agency to private equity group ECI. The deal valued iLG in excess of £45 million. Shareholders were advised by Ingenious Corporate Finance.
Beringea Invests in Optic Vision
28 March 2008 - London -Beringea Ltd, manager of the ProVen VCTs, is pleased to announce a £1.75 million expansion capital deal with Optic Vision Limited - a leading UK security solutions provider.
Top Up Offers Update: ProVen Growth and Income Fully Subscribed
ProVen VCT - Now Open to Non-Shareholders
Offers for subscription for ordinary shares in ProVen VCT and ProVen Growth and Income VCT for the tax years 2007/2008 and 2008/2009.
ProVen Growth and Income's Offer for Subscription is now fully subscribed. No further offers will be accepted. Please note that unsuccessful applicants will be notified as soon as possible.
ProVen VCTs Top Up Offers
Priority Application Period for C Shareholders Now Open
Offers for subscription for ordinary shares in ProVen VCT and ProVen Growth and Income VCT for the tax years 2007/2008 and 2008/2009
ProVen VCT and ProVen Growth and Income VCT have launched Offers for Subscription for Ordinary Shares for the tax years 2007/08 and 2008/09. The ProVen VCT Offer will be for up to 1.7 million Ordinary shares and the ProVen Growth and Income VCT Offer will be for up to 625,000 Ordinary shares.
Beringea Backs MBO of Path
27 February 2008 - London - Beringea Ltd, Manager of the ProVen VCTs, has backed a £7 million Management Buy Out (MBO) of Path Group Plc, one of the UK's leading distributors of consumer electronic accessories.
ProVen VCTs Top Up Offers
Offers for subscription for ordinary shares in ProVen VCT and ProVen Growth and Income VCT for the tax years 2007/2008 and 2008/2009
I am pleased to advise you that ProVen VCT and ProVen Growth and Income VCT have launched Offers for Subscription for Ordinary Shares for the tax years 2007/08 and 2008/09. The ProVen VCT Offer will be for up to 1.7 million Ordinary shares and the ProVen Growth and Income VCT Offer will be for up to 625,000 Ordinary shares.
ProVen VCTs Exit Gyro
Second Interim Dividend Announcement
8 February 2008 - London - ProVen Growth and Income VCT and ProVen VCT, managed by Beringea Ltd, have announced second interim dividend payments for the year ended 29 February 2008.
ProVen VCTs Invest in Breeze Tech
28 January 2008 - London - Private equity firm Beringea Ltd has announced an expansion capital deal with mobile proximity marketing specialists Breeze Tech.