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ProVen VCT plc: Total voting rights

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Proven VCT Plc
·1 min read
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ProVen VCT plc
Total Voting Rights
1 May 2021


In conformity with the Disclosure and Transparency Rule 5.6.1, ProVen VCT plc announces that the Company's capital and voting rights, as at 30 April 2021, are summarised as follows:

Shares in issue

Voting rights per Share

Voting rights

Ordinary shares of 10p each

194,891,511

1

194,891,511

Total voting rights

194,891,511

The Company does not hold any shares in treasury.

The above takes account of any shares that have been recently bought back for cancellation, even if such transactions have not yet settled.

The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, ProVen VCT plc under the FCA's Disclosure and Transparency Rules.

Beringea LLP
Company Secretary
Telephone 020 7845 7820

- End


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    (Bloomberg) -- Sanjeev Gupta’s GFG Alliance approached buyers for the potential sale of some engineering assets, people familiar with the matter said, signaling he may not be able to keep his embattled business empire intact.Since the industrialist’s main financier Greensill Capital collapsed in March, Gupta has been in a race to find new sources of cash, though has insisted he’ll find new lenders to replace about $5 billion he’d borrowed from the supply chain finance firm.But in recent days, GFG’s advisers contacted potential buyers for parts of its engineering business that’s largely based in the U.K., according to people familiar with the matter, who asked not to be identified discussing private information. The talks are at an early stage and there’s no guarantee of a deal, one of the people said.GFG declined to comment.It’s not clear exactly which assets he may be willing to sell. His Liberty Engineering Group Pte has assets in several countries including the U.K., France and United Arab Emirates, according to the Singapore entity’s financial report for the year ended March 2019, the latest available. The units include assets Gupta took over from administration, such as businesses that used to be part of Caparo Industries Plc in the U.K. and vehicle converter Durisotti in France.Gupta’s empire employs some 35,000 people worldwide, with steel and aluminum plants in the U.S., U.K., France, Romania and Australia. As he fights to stave off insolvency, he’s benefiting from soaring steel and aluminum prices.“I’m confident that we will achieve refinancing,” Gupta said in a podcast for employees earlier this month. “Because our business is so spread out across the world, and each business is different and separately funded, it takes time to get things done. But one by one we’ll get to all of them.”Still, he acknowledged that the future was bleak for some of his businesses, with the U.K. one of the “challenged spots within our alliance.” Some of GFG’s units in France were put in insolvency proceedings earlier this month, Bloomberg has reported.Last month, GFG asked the U.K. government for a 170 million-pound ($237 million) bailout, a request that was rebuffed. Business Secretary Kwasi Kwarteng told a parliamentary committee this month that it would be irresponsible to give taxpayers’ money to the group, describing it as “very, very opaque” and having “liabilities that nobody seems to have got to the bottom of.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Bitcoin Rises to Two-Week High After Breaking Technical Barrier

    (Bloomberg) -- Bitcoin surged to its highest levels since mid-April after surpassing a closely-watched technical hurdle.The digital token climbed above its average price over the past 50 days, a measure of its short-term momentum. For chart watchers, that had been an important level -- such a move usually portends further gains. Many analysts will now look to see if it can sustainably stay above it.Earlier: Bitcoin Is at Technical Inflection Point Amid Recent SelloffTrading in the world’s largest digital asset has been choppy in recent weeks after it hit a record high in mid-April above $64,000. It’s come down since then amid sessions that have clocked large intraday swings. On Friday, Bitcoin was up about 7.6% to $57,006 as of 12:29 p.m. in New York.But despite recent turbulence, interest in cryptocurrencies has skyrocketed amid Bitcoin’s trek to all-time highs. A growing number of traditional Wall Street firms have warmed to it and it’s received endorsements from celebrities like Elon Musk. Assets in digital-asset products listed globally, including ETFs and ETPs, reached $9 billion at the end of the first quarter, a record high, according to ETFGI.“If you make an investment today or you make an investment in early December, like we did, you have to expect multiple 20% to 30% pullbacks in the bull-market phase,” Troy Gayeski of Skybridge Capital said this week on Bloomberg TV. “But that being said, I mean, the combination of extraordinary supply growth, we still think we’re in the early innings of the adoption cycle.”Mike McGlone of Bloomberg Intelligence agrees that adoption is in its early days and says Bitcoin appears to be the right fit for today’s rapidly changing digital world. He sees catalysts that could take it to $100,000.“Diminishing supply juxtaposed with historically low interest rates and the substantial amount of money being pumped into the system is a solid foundation for Bitcoin price appreciation, if the rules of economics apply,” he wrote in a note.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.