United Kingdom venture capital trust ProVen Growth and Income VCT plc published a regulatory market notification disclosing a routine transaction in its own ordinary shares on the London Stock Exchange. In accordance with its established share buyback program and authority granted by shareholders at its annual general meeting, the fund repurchased a specified block of ordinary shares through its broker for cancellation.
The fund management explained that the ongoing share repurchase policy is designed to enhance liquidity for existing shareholders and assist in managing the discount between the market share price and the trust’s underlying net asset value. Following the settlement and formal cancellation of the acquired shares, the trust updated its total voting rights and issued share capital figures in compliance with Financial Conduct Authority disclosure and transparency rules, providing institutional and retail investors with updated calculation baselines for shareholding thresholds in British equity markets.
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Sources:
https://www.globenewswire.com/news-release/2026/10/27/3389474/0/en/proven-growth-and-income-vct-plc-transaction-in-own-shares.html