ProVen VCT plc

Interim Management Statement - Seite 2

Investment activity during the three-month period ended 31 May 2023

Investment additions

There were no investment additions for the Company in the quarter.

Investment disposals

	Cost	Market value at 1 March 2023	Disposal proceeds	Gain against cost	Realised loss in period
	£’000	£’000	£’000	£’000	£’000
Monica Vinader Limited	534	7,037	6,312	5,778	(725)
Aistemos Limited	1,819	3,093	3,093	1,274	-
	2,353	10,130	9,405	7,052	(725)

Investment activity from 1 June 2023 to the date of this announcement

There has been no investment activity for the Company from 1 June 2023 to the date of this announcement.

Changes to share capital	Ordinary Shares of 10p each
As at 1 March 2023	247,113,415
Shares bought back during the 3 months to 31 May 2023	-
Shares issued during the 3 months to 31 May 2023	8,116,540
As at 31 May 2023	255,229,955

In the period from 1 June 2023 to the date of this announcement, 701,809 Ordinary Shares were repurchased and subsequently cancelled. On 6 July 2023, 2,878,511 Ordinary Shares were issued pursuant to the offer for subscription that opened on 19 October 2022. 2,878,511 Ordinary Shares were allotted at an average price of 68.0p, based on the latest net asset value of 65.5p per Ordinary Share, being the net asset value as at 28 February 2023.

Material events
Other than the matters described above, there were no material events during the period from 1 March to 31 May 2023 or in the period from 1 June 2023 to the date of this announcement.

Further information
Further information regarding the Company, can be found on Beringea's dedicated VCT website: www.proveninvestments.co.uk or by contacting Beringea, the Investment Manager at [e-mail] or by telephone [phone].

Beringea LLP
Company Secretary
Telephone [phone]
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