Share Name Share Symbol Market Type Share ISIN Share Description
Maven Income & Growth Vct Plc LSE:MIG1 London Ordinary Share GB0004122858 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 45.60p 44.60p 46.60p 45.60p 45.60p 45.60p 1,987 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.7 0.2 0.3 138.2 25

Maven Income & Growth VCT PLC Issue of Equity

24/04/2019 9:47am

UK Regulatory (RNS & others)


Maven Income & Growth Vct (LSE:MIG1)
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6 Months : From Feb 2019 to Aug 2019

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RNS Number : 9327W

Maven Income & Growth VCT PLC

24 April 2019

Maven Income and Growth VCT PLC (the Company)

Issue of Equity

On 26 September 2018, the Company launched an offer for subscription for new ordinary shares of 10p each (Ordinary Shares) to raise up to GBP15 million, with an over-allotment facility for up to a further GBP5 million (the Offer). On 23 January 2019, the Company announced that the Board of the Company had resolved to exercise its discretion to utilise the over-allotment facility of GBP5 million. On 4 March 2019, the Company announced that, as the over-allotment facility had been utilised in full, the Offer had closed fully subscribed.

Pursuant to the Offer, and the GBP1,477,330 of valid applications received in respect of the 2019/2020 tax year, the Company has issued and allotted 3,049,148 new Ordinary Shares on 24 April 2019. In accordance with the allotment formula set out in the prospectus for the Offer, the offer prices at which the shares were issued were in the range of 48.24p to 49.00p per Ordinary Share.

In respect of this allotment, an application will be made by the Company to the FCA and the London Stock Exchange for the new Ordinary Shares so issued to be admitted to the Official List and to trading on the London Stock Exchange's main market for listed securities. It is expected that the admission of the new Ordinary Shares will become effective and dealings will commence on or around 25 April 2019.

Following this final allotment, a total of 41,161,201 Ordinary Shares have been issued by the Company pursuant to the Offer, and the number of Ordinary Shares now in issue is 94,025,085. Therefore, the total number of voting rights in the Company is 94,025,085.

The above statement of Voting Capital may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest, or a change to their interest, in the Company under the FCA's Disclosure Guidance and Transparency Rules.

For further information, please contact:

Maven Capital Partners UK LLP

Telephone: 0141 306 7400

E-mail: enquiries@mavencp.com

Maven Capital Partners UK LLP

Company Secretary

24 April 2019

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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April 24, 2019 04:47 ET (08:47 GMT)

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