ProVen Planned Exit VCT PLC (PPE)

Back to homepage

Company Description

ProVen Planned Exit VCT PLC, incorporated on August 2, 2010, is a venture capital trust. Its objective is to provide investors with a tax-free return of at least 8.4% per annum over the life of the company, on the net investment after initial tax relief of 70p per share, pay dividends of 6.0p per share per annum, and have a lower risk profile than traditional VCTs, by investing in a portfolio of Qualifying Investments, primarily being in UK unquoted companies with substantial assets or having reliable revenue streams from financially sound customers; and a portfolio of low-risk non-qualifying investments including cash deposits, money market funds, fixed interest securities and secured loans...