REG - Maven IncGwth VCT 3 - Issue of Equity

Maven Income and Growth VCT 3Announcement

18/12/2024 09:45

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RNS Number : 4743Q  Maven Income and Growth VCT 3 PLC  18 December 2024

Maven Income and Growth VCT 3 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 £1,915,672 of valid applications were
received in the period from 27 September 2024 up to 12 noon on 13 December
2024. In respect of the 2024/2025 tax year, £1,829,912 of valid applications
were received and, as a result, the Company has issued and allotted 3,523,208
new Ordinary Shares on 18 December 2024. 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 51.31p to 51.99p per Ordinary Share
and, as a result, the number of Ordinary Shares now in issue is 124,652,826.
Therefore, the total number of voting rights in the Company is 124,652,826.

 

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 23 December 2024.

 

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 a further allotment in respect of
applications for the 2024/2025 tax year will take place shortly after the end
of the Early Investment Incentive period, being 5.00pm on 7 February 2025.

 

For further information, please contact:

 

Maven Capital Partners UK LLP

Telephone: 0141 306 7400

E-mail: enquiries@mavencp.com

 

Maven Capital Partners UK LLP

Secretary

 

18 December 2024

 

 

 

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