REG - Maven IncGwth VCT 3 - Issue of Equity

Maven Income and Growth VCT 3Announcement

04/04/2025 18:30

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RNS Number : 8095D  Maven Income and Growth VCT 3 PLC  04 April 2025

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). As
announced on 1 April 2025, the Company's Offer is now fully subscribed and
closed to further applications.

 

Pursuant to the Offer, a total of £2,014,801 of valid applications were
received in the period from 9.00am on 24 March 2025, up to and including
9.00am on 1 April 2025 in respect of the 2024/2025 tax year. As a result, the
Company has issued and allotted 4,018,346 new Ordinary Shares on 4 April 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
48.83p to 50.12p per Ordinary Share and, as a result, the number of Ordinary
Shares now in issue is 137,618,057. Therefore, the total number of voting
rights in the Company is 137,618,057 and this 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.

 

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 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 9 April 2025.

 

This is the fourth and final allotment in respect of the 2024/2025 tax year.
It is intended that an allotment in respect of applications for the 2025/2026
tax year will take place on, or before, 2 May 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

 

4 April 2025

 

 

 

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