ProVen VCT plc Announces Significant Year-End Financial Results

Author: Owen Jenkins Updated: 06-06-2025 06:00 AM

ProVen VCT plc Unveils Annual Financial Performance

ProVen VCT plc

Year-End Financial Report

ProVen VCT plc, managed by Beringea LLP, recently announced its comprehensive results for the financial year. The Board of Directors has successfully approved the financial statements, highlighting notable achievements and strategic developments.

Fund Overview and Performance Metrics

The annual results provide a detailed overview of ProVen's financial standing as of the fiscal year-end. Key metrics include the net asset value (NAV) per share and the total returns represented in both NAV and dividends paid since the fund's inception.

Key Financial Highlights

As of the latest reporting date, the net asset value per Ordinary Share is recorded at 62.9p compared to 65.2p from the previous year. Moreover, the total dividend payouts since inception have increased to 87.5p.

Annual Dividend Figure

For the financial year concluded, the Board is proposing a final dividend of 1.75p per share, demonstrating consistency in shareholder returns. This reflects a total dividend yield of 5.1% based on the NAV at the year’s start, promising a steady income stream for investors.

Annual General Meeting Insights

The upcoming Annual General Meeting (AGM) is set to take place at the Beringea LLP office, providing shareholders with insights into company performance and future strategies. This meeting is an essential event where shareholders can interact with the Board.

Engagement Options for Shareholders

Given recent challenges with in-person meetings, the company ensures that all shareholders can engage with the AGM through online video conferencing. Attendants are encouraged to pre-register to ensure a smooth experience.

Proxy Voting and Questions

Shareholders wishing to vote are urged to use their Signal Shares account to appoint proxies and submit voting instructions ahead of the AGM. This will enable efficient management of the voting process.

Shareholder Event Highlights

ProVen VCT plc continues to prioritize shareholder engagement. The Annual Shareholder Event is a highly anticipated occasion where shareholders gain exclusive insights into investment strategies and performances.

Accessibility and Participation

The event aims to accommodate over 12,000 shareholders by being hosted online, making it more accessible than traditional meetings while being cost-effective. This year's event is scheduled to take place just before the AGM, which ensures maximum participation.

Future Communications

Shareholders are encouraged to submit advance questions via email, ensuring that their concerns and inquiries are addressed during the meeting. The Board of Directors is committed to providing comprehensive responses to enhance transparency.

Frequently Asked Questions

What were the key financial results for ProVen VCT plc?

The net asset value per share decreased to 62.9p from 65.2p, while the total dividends paid since launch increased to 87.5p.

When is the Dividend expected to be paid?

The proposed final dividend of 1.75p per share is set to be paid pending shareholder approval at the AGM.

How can shareholders participate in the AGM?

Shareholders can attend the AGM in person or join via video conference. Pre-registration is recommended for those wishing to participate remotely.

What is the significance of the Annual Shareholder Event?

This event provides shareholders with valuable updates from the Investment Manager and opportunities to ask questions regarding performance and future strategies.

How can shareholders submit questions prior to the AGM?

Shareholders can email their questions to the company, which the Board will address during the meeting.

About The Author

Hi there I'm 38-year-old author and financial consultant Owen Jenkins. Having worked in the financial sector for more than ten years, I am well-versed in the subtleties and complexity that mold our financial environment. Following a degree in finance, I worked in a number of financial institutions honing my abilities in market analysis, financial planning, and investment strategies.

My love is teaching others about investing and personal finance. My goal in writing many books and articles has been to demystify financial ideas and give readers the information they need to make wise financial decisions. I write with a direct, useful style that emphasizes doable suggestions for daily living.

Along with writing, I lead webinars and seminars where I impart knowledge on how to successfully negotiate the financial world. I also write for financial journals and show up as a guest expert on financial news programs a lot. Whether they are new to investing or want to improve their approach, my mission is to enable people to take charge of their financial futures.

Beyond work, I like to hike, play the guitar, and spend time with my family. I think that balance is crucial and want to encourage people to strike a balance between their financial aspirations and their hobbies. I want to help people succeed and achieve financial security through my work, so having a good influence.

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