REG - MavIncGroVCT4 - Issue of Equity

Maven Income and Growth VCT 4Announcement

19/02/2025 10:15

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250219:nRSS7086Xa&default-theme=true

RNS Number : 7086X  Maven Income & Growth VCT 4 PLC  19 February 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, £2,064,474 of valid applications were received in the
period from 9.00am on 23 January 2025 up to and including 9.00am on 14
February 2025 in respect of the 2024/2025 tax year. As a result, the Company
has issued and allotted 3,425,661 new Ordinary Shares on 19 February 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 61.05p per Ordinary Share and, as a result, the number of Ordinary Shares
now in issue is 150,198,533. Therefore, the total number of voting rights in
the Company is 150,198,533 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 21 February 2025.

 

This is the second allotment in respect of 2024/2025 tax year and the Board of
the Company intends that further allotments in respect of applications for the
2024/2025 tax year will take place on, or before, 31 March 2025 and on, or
before, 4 April 2025. It is also intended that an allotment in respect of
applications for the 2025/2026 tax year will take place on, or before, 2 May
2025. The Company's Offer has, to date, received applications totalling
£5,506,486 for both tax years.

 

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

 

19 February 2025

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  IOEGPUBUPUPAGUB