Maven Income & Growth VCT PLC Statement re Offer for Subscription

RNS Number : 9887U

Maven Income & Growth VCT PLC

28 January 2025

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY JURISDICTION FOR WHICH THE SAME COULD BE UNLAWFUL. THE INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE IN ANY JURISDICTION, INCLUDING IN THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA.

 

Joint Announcement by Maven Income and Growth VCT PLC, Maven Income and Growth VCT 3 PLC, Maven Income and Growth VCT 4 PLC and Maven Income and Growth VCT 5 PLC (each a VCT and together the Maven VCTs)

 

Offer for Subscription

 

28 January 2025

 

On 27 September 2024, the Maven VCTs announced the publication of a joint Prospectus (comprising a Securities Note, Registration Document and Summary) in relation to an offer for subscription of new Ordinary Shares of 10p each (the "Offer").

 

The Boards of the Maven VCTs are pleased to advise that, with valid subscriptions received to date under the Offer now approaching their aggregate initial fundraising target of £20 million, and in view of continued interest from potential investors, the Directors of each VCT have resolved to make use of their respective over-allotment facilities of up to £5m per VCT, as provided for under the terms and conditions of the Offer, to the extent required to meet any additional demand.

 

The deadline for receipt of applications for the Offer is 9.00 am on 4 April 2025 in relation to the tax year 2024/25 and 5.00 pm on 25 April 2025 in relation to the tax year 2025/26. The Offer will close on 1 May 2025 unless it is fully subscribed by an earlier date or extended by the Board to no later than 26 September 2025. The deadline for the receipt of applications that will qualify for the Early Investment Incentive is 5.00 pm on 7 February 2025

 

Downloadable versions of the Prospectus documents are available at: mavencp.com/vctoffer.

 

Any enquiries in respect of the Offer, or requests for copies of the Prospectus documents (available free of charge), should be directed to:

 

Maven Capital Partners UK LLP

Kintyre House

205 West George Street

Glasgow

G2 2LW

 

Telephone: [phone]

E-mail: [e-mail]   

Maven Capital Partners UK LLP
Secretary

The information contained within this announcement is deemed by the Companies to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement via Regulatory Information Service this inside information is now considered to be in the public domain.

Notes

This announcement does not constitute or form part of any offer to issue or sell, or any solicitation of any offer to subscribe or purchase, any investment in any jurisdiction, nor shall it (or the fact of its distribution) form the basis of, or be relied on in connection with, any contract therefor.

 

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