PGO Proven Growth

 
TIDMPGO 
 
Proven Growth & Income VCT plc 
Conversion of  C Shares  into Ordinary  Shares and  Consolidation  of 
Ordinary Shares 
 
21 October 2009 
 
Conversion/Consolidation 
In accordance  with  the  provisions in  the  Company's  articles  of 
association, the  Company's C  Shares of  5p each  will convert  into 
Ordinary Shares of 1p  each on 26  October 2009 ("Conversion").   The 
Conversion will be undertaken based on the conversion ratio  produced 
by the relative net asset values per share of the Ordinary Shares and 
C Shares as at 31 August 2009, which has been determined as 1.618728. 
 
Following Conversion,  each  Ordinary  Share of  1p  each  will  then 
consolidate  into  approximately  0.617769  new  Ordinary  Shares  of 
1.6187p each ("Consolidation"). 
 
Following Conversion and Consolidation: 
 
Holders of one original C Share of 5p each will hold one new Ordinary 
Share of 1.6187p each. 
 
Holders  of  one  original  Ordinary  Share  of  1p  each  will  hold 
approximately 0.617769 
new Ordinary Shares of 1.6187p each 
 
 
Number of C Shares of  5p each being converted and  then 
consolidated:                                              19,680,936 
 
Number of original Ordinary Shares of 1p each also being 
consolidated:                                             6,789,560 * 
 
Number of new Ordinary Shares of 1.6187p in issue  after 
Conversion and Consolidation:                            23,875,316 * 
 
 
* includes 8,033  original Ordinary  Shares of  1p each  / 4,962  new 
Ordinary Shares  of 1.6187p  each which  have been  purchased by  the 
Company for cancellation,  but  have  not yet been  delivered to  the 
Company. 
 
Admission to trading 
Application will be made for the new Ordinary Shares of 1.6187p  each 
to be admitted to the Official List and to trading on the main market 
of the  London Stock  Exchange. It  is expected  that admission  will 
become effective and that trading will commence on 27 October 2009. 
 
The ISIN of the new Ordinary Shares will be GB00B5B7YS03 and the TIDM 
code PGOO. 
 
Share certificates 
It is expected that new share certificates will be despatched to  all 
original Ordinary Shareholders and C Shareholders by 9 November 2009. 
 
Total Voting Rights 
Following Conversion and Consolidation,  total voting rights will  be 
29,216,205,  comprising  of  23,870,354   new  Ordinary  Shares   and 
5,345,850 D Shares. 
 
=--END OF MESSAGE--- 
 
 
 
 
This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement. 
 

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