Interim Management Statement

 

 

In accordance with Rule 4.3 of the Disclosure and Transparency Rules of the UK Listing Authority, ProVen Growth & Income VCT plc presents an Interim Management Statement for the three month period ended 31 May 2007.  The statement also includes relevant financial information between the end of the period and the date of this statement.

 

The Company paid interim dividends in respect of the year ended 28 February 2007 of 7p per Ordinary Share and of 2p per 'C' Share on 5 April 2007 to Shareholders on the register at 23 March 2007.

 

As a result of the dividends paid in the period, fees amounting to £88,000 were paid to Beringea Limited under the terms of the performance incentive fee agreement.

 

 

* NAV plus cumulative dividends paid since launch

 

* NAV plus cumulative dividends paid since launch

 

Quoted shares are valued at the closing bid price on 31 May 2007. Unquoted shares are valued at the 28 February 2007 valuation (unless there has been a material change) as adjusted for purchases, sales and material variations.

* Quoted on AIM

 

 

After the period end, the Company invested £650,000 in Heritage Partners Limited and £670,000 in  Harmony Media Group Limited.

 

After the period end the Company made the following further disposals:

 

 

 

Other than described above, there were no material events during the period from 1 March 2007 to 31 May 2007 or in the period from 1 June 2007 to the date of this announcement.