ProVen Growth & Income VCT PLC (LSE:PGOO) commences share repurchases on August 31, 2022, under the program mandated by the shareholders in the Annual General Meeting held on July 20, 2022. As per the mandate, the company is authorized to repurchase up to 43,409,724 shares, representing 14.99% of its issued share capital. The minimum price that may be paid for such ordinary shares is £0.016187 per share.

The maximum price which may be paid for such ordinary shares shall be an amount equal to 5% above the average of the middle market quotations for such class of the company's shares, as derived from the Daily Official List of the London Stock Exchange for the five business days immediately preceding the day on which the purchase was made. The program shall expire at the earliest of the conclusion of the next Annual General Meeting, or after 15 months, whichever is earlier. As of June 8, 2022, the company had 289,591,220 shares in issue.