---
title: "ProVen VCTs Trigger Over-Allotment Facility to Expand Fundraising"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/281232730.md"
description: "ProVen VCT plc and ProVen Growth and Income VCT plc have activated an over-allotment facility to increase their fundraising limit from £15 million to £20 million due to strong investor demand. This move allows for additional subscriptions ahead of the 2025/26 tax year, with offers closing in early April 2026, subject to changes. These UK-listed venture capital trusts focus on providing tax-efficient income and capital growth through investments in growth-stage and smaller companies, managed by Beringea LLP."
datetime: "2026-03-31T19:24:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/281232730.md)
  - [en](https://longbridge.com/en/news/281232730.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/281232730.md)
---

# ProVen VCTs Trigger Over-Allotment Facility to Expand Fundraising

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An update from Proven VCT ( (GB:PVN) ) is now available.

ProVen VCT plc and ProVen Growth and Income VCT plc have moved to expand their ongoing fundraising, exercising an over-allotment facility that lifts the maximum amount each trust can raise from £15 million to £20 million in new ordinary shares. The step signals strong investor demand for the offers and provides additional capacity for subscriptions ahead of the end of the 2025/26 tax year, with the offers scheduled to close in early April for that tax year and by the end of April 2026 for 2026/27, subject to earlier closure or extension at the directors’ discretion.

**More about Proven VCT**

ProVen VCT plc and ProVen Growth and Income VCT plc are UK-listed venture capital trusts that provide investors with access to portfolios of growth-stage, unquoted and smaller quoted companies. Managed by Beringea LLP, they focus on generating tax-efficient income and capital growth for retail investors through diversified exposure to entrepreneurial businesses.

**Average Trading Volume:** 413,660

**Technical Sentiment Signal:** Strong Buy

For a thorough assessment of PVN stock, go to TipRanks’ Stock Analysis page.

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