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On 18 June 2025, Praetura Ventures Limited, investment manager for Praetura Growth VCT plc, announced its intention to merge with Par Equity Group and Praetura Investments Limited to form PXN Group. This merger, intended to create a £670 million PXN Group, is subject to regulatory clearance from the Financial Conduct Authority. The Company confirmed there are no changes to its existing investment management or promoter agreement with Praetura Ventures Limited.
| Date | 18 Jun 2025 |
| Time | 14:35:20 |
| Category | Corporate updates |
| ID | 4402N |
Praetura Growth VCT plc (the "Company")
Update on Investment Manager
Praetura Ventures Limited, the Company's investment manager and promoter for the Company's current offer for subscription launched on 8 November 2024 (the "Investment Manager"), has today announced its intention to merge with Par Equity Group and Praetura Investments Limited to form PXN Group, subject to regulatory clearance from the Financial Conduct Authority. Details of the press release can be located at: https://www.praeturainvestments.co.uk/2025/06/18/merger-to-create-670m-pxn-group-boosting-br-qualifying-investment-and-adviser-access-to-regional-smes/.
There are no changes to the existing investment management or promoter agreement between the Company and the Investment Manager.
For further information, please contact:
Praetura Ventures Ltd
|
Jon Prescott |
0161 641 9475 |
LEI: 9845004ZDC57AB064B97