Maven Income & Growth VCT PLC Issue of Equity

RNS Number : 9756U

Maven Income & Growth VCT PLC

28 January 2025

 

Maven Income and Growth VCT PLC (the Company)

 

Issue of Equity

 

On 27 September 2024, the Company launched an offer for subscription for new ordinary shares of 10p each (Ordinary Shares) to raise up to £5 million, with an over-allotment facility for up to a further £5 million (the Offer).

 

Pursuant to the Offer, a total of £3,578,326 of valid applications were received in the period from 27 September 2024 up to 9.00am on 23 January 2025. In respect of the 2024/2025 tax year, £3,475,058 of valid applications were received and, as a result, the Company has issued and allotted 8,686,790 new Ordinary Shares on 28 January 2025. 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 39.47p to 39.99p per Ordinary Share and, as a result, the number of Ordinary Shares now in issue is 168,278,583. Therefore, the total number of voting rights in the Company is 168,278,583.

 

In respect of this allotment, an application will be made by the Company to the FCA 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 31 January 2025.

 

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.

 

The Board of the Company intends that further allotments in respect of applications for the 2024/2025 tax year will take place after the end of the Early Investment Incentive period, being 5.00pm on 7 February 2025, and on or before 5 April 2025.

 

For further information, please contact:

 

Maven Capital Partners UK LLP

Telephone: [phone]

E-mail: [e-mail]

 

Maven Capital Partners UK LLP

Secretary

 

28 January 2025

 

 

 

 

 

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