ProVen VCT plc: net asset value update

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ProVen VCT plc (the company”)
Updated unaudited NAV
11 February 2022

Updated unaudited NAV

Following today’s announcement of its unaudited results as of November 30, 2021, the Company is pleased to announce a new updated unaudited net asset value (“NAV”) including the impact of the conditional sale of one of its portfolio companies occurring after November 30, 2021. The Company previously announced an updated NAV on January 21, 2022 (based on the last NAV published on that date) following the exchange of sales contracts, which is subject to certain regulatory approvals.

On its own, the impact of the conditional sale on the Company’s last published NAV per share at 30 November 2021 of 75.0 pence, would be an increase of 2.0 pence per share to a new NAV per share of 77.0 pence . The updated unaudited NAV also takes into account the changes in the Company’s share capital resulting from the buyback and allocation of shares announced in December 2021. The Company emphasizes that the increase in the unaudited NAV per share of this conditional sale is isolated from other changes in the Company’s balance sheet, including the valuation and other movements of transactions in the Company’s investment portfolio, which may also have affected the NAV per share since 30 November 2021.

For more information, please contact:

Beringea LLP
Company Secretary
Telephone 020 7845 7820

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