REG - Maven Inc &Grwth VCT Maven IncGwth VCT 3 MavIncGroVCT4 Maven Inc&Grwth 5 - Publication of a Prospectus

Maven Income and Growth VCT 3Announcement

02/10/2025 16:45

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RNS Number : 8877B  Maven Income & Growth VCT PLC  02 October 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

 

Offer for Subscription

 

A prospectus relating to offers for subscription 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 (together the "Companies" and each a
"Company") to raise up to, in aggregate, £50,000,000 including over-allotment
facilities for up to, in aggregate, £20,000,000 through the issue of new
ordinary shares of 10p each in the capital of the Companies (each an "Offer"
and together the "Offers"), was issued by the Companies on 2 October 2025 (the
"Prospectus").

 

The Companies have also published a joint Circular (the "Circular") seeking
the approval of their respective shareholders for various matters, including
obtaining shareholder approval of allotment and disapplication authorities in
connection with the Offers and each Company giving notice of a General Meeting
to be held on 13 November 2025 (the "General Meeting").

 

The Offer by the Companies will open on 2 October 2025 and is expected to
close no later than 2 April 2026 for shares to be allotted in the 2025/26 tax
year and no later than 1 May 2026 for shares to be allotted in the 2026/27 tax
year (unless fully subscribed by an earlier date or previously extended by the
directors to no later than 30 September 2026).

 

Each Offer is conditional on the passing of certain resolutions at the
relevant General Meeting as set out in the Circular.

 

Pursuant to an offer agreement dated 2 October 2025 relating to the Offer
between, among others, the Companies and Maven Capital Partners UK LLP
("Maven"), Maven, in exchange for providing administration services and
endeavouring to procure subscribers in connection with the Offer, will receive
a fee of up to 2.5% of the aggregate amount received by the Companies from
subscribers under the Offer. Maven, as the investment manager of the
Companies, is a relevant related party of the Companies under the Listing
Rules, and the payment of such a fee by the Companies to Maven is a relevant
related party transaction of an adequate size under UK Listing Rule 11.5.4R
for UK Listing Rule 8.2.1R to apply. The Board considers this transaction fair
and reasonable as far as the shareholders of the Companies are concerned and
have been provided with written advice of this by their sponsor, Howard
Kennedy Corporate Services LLP.

 

To obtain a copy of the Prospectus, private investors and financial advisers
should call Maven Capital Partners UK LLP on 0141 306 7400. A downloadable
version of the Prospectus will also be available from the Maven website:
www.mavencp.com/vctoffer (http://www.mavencp.com/vctoffer) .

 

Copies of the Prospectus and Circular are available, free of charge, from
Maven Capital Partners UK LLP at Kintyre House, 205 West George Street,
Glasgow G2 2LW.

 

A copy of the Prospectus has been submitted to the National Storage Mechanism
and will shortly be available for viewing online at the following website
address: https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .

 

Any enquiries in respect of the Offers should be directed to:

 

Maven Capital Partners UK LLP

Telephone: 0141 306 7400

E-mail: enquiries@mavencp.com (mailto:enquiries@mavencp.com)

 

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.

 

2 October 2025

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