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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
  0.00 0.0% 42.40 41.40 43.40 42.40 42.40 42.40 38,552 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.8 0.3 0.2 176.7 51

Maven Income & Growth VCT PLC Issue of Equity

04/05/2021 3:37pm

UK Regulatory (RNS & others)


Maven Income & Growth Vct (LSE:MIG1)
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RNS Number : 5140X

Maven Income & Growth VCT PLC

04 May 2021

Maven Income and Growth VCT PLC (the Company)

Issue of Equity

On 23 October 2020, the Company launched an offer for subscription for new ordinary shares of 10p each (Ordinary Shares) to raise up to GBP10 million, with an over-allotment facility for up to a further GBP10 million (the Offer). On 8 February 2021, the Company announced that the Board of the Company had resolved to exercise its discretion to utilise the over-allotment facility of GBP10 million. On 24 March 2021, 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 GBP910,500 of valid applications received in respect of the 2021/2022 tax year, the Company has issued and allotted 2,026,395 new Ordinary Shares on 4 May 2021. 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 44.41p to 45.57p per Ordinary Share.

In respect of this allotment, an application will be made by the Company to the FCA Listing Authority and to 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 10 May 2021.

Following this final allotment, a total of 45,045,568 Ordinary Shares have been issued by the Company pursuant to the Offer, and the number of Ordinary Shares now in issue is 135,928,391. Therefore, the total number of voting rights in the Company is 135,928,391.

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

4 May 2021

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END

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(END) Dow Jones Newswires

May 04, 2021 10:37 ET (14:37 GMT)

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