REG - MavIncGroVCT4 - Issue of Equity

Maven Income and Growth VCT 4Announcement

28/01/2025 10:45

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RNS Number : 9757U  Maven Income & Growth VCT 4 PLC  28 January 2025

Maven Income and Growth VCT 4 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 £3,247,107 of valid applications were
received in the period from 27 September 2024 to 9.00am on 23 January 2025. In
respect of the 2024/2025 tax year, £3,100,975 of valid applications were
received and, as a result, the Company has issued and allotted 5,145,945 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 59.47p to 60.26p per Ordinary Share and, as a
result, the number of Ordinary Shares now in issue is 146,772,872. Therefore,
the total number of voting rights in the Company is 146,772,872.

 

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: 0141 306 7400

E-mail: enquiries@mavencp.com

 

Maven Capital Partners UK LLP

Secretary

 

28 January 2025

 

 

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