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LONDON - ProVen VCT plc, a venture capital trust managed by Beringea LLP, has disclosed its annual financial results for the year ending February 28, 2025. The report, approved by the Board of Directors on Monday, reveals a slight increase in the net asset value (NAV) per Ordinary Share, rising from 65.2p the previous year to 62.9p, adjusted for dividends paid within the year.
The NAV growth represents a year-on-year change of 1.5%, a decrease compared to the 4.9% growth reported the prior year. Despite this modest uptick, the total return, combining NAV and dividends paid since launch, has seen a marginal improvement, reaching 150.4p, up from 149.45p.
ProVen VCT has proposed a final dividend for this financial year of 1.75p per share, scheduled for payment on August 15, 2025, to shareholders registered by July 18, 2025. This proposed dividend is contingent on shareholder approval at the upcoming Annual General Meeting (AGM). The total dividends for the year stand at 3.25p per share, maintaining a consistent dividend yield of 5.1%.
The forthcoming AGM is set to take place at Beringea LLP’s offices on July 15, 2025. Shareholders have the option to attend in person or follow the proceedings via a video conference link, though remote participants will not have the ability to vote or ask questions during the meeting. Shareholders are urged to cast their votes electronically and submit any questions in advance via email.
In addition to the AGM, ProVen VCT will host its Annual Shareholder Event online on the morning of the AGM, providing shareholders an opportunity to engage with the Investment Manager and Board about the trust’s performance and portfolio activities. The event aims to offer equal access to the company’s widespread shareholder base, which exceeds 12,000 members.
The financial report indicates a steady performance by ProVen VCT, with a consistent dividend payout to shareholders. This news is based on a press release statement from ProVen VCT plc.
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