REG - MavIncGroVCT4 - Issue of Equity

Maven Income and Growth VCT 4Announcement

27/03/2025 13:15

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RNS Number : 5513C  Maven Income & Growth VCT 4 PLC  27 March 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, £2,216,008 of valid applications were received in the
period from 9.00am on 14 February 2025 up to and including 9.00am on 24 March
2025 in respect of the 2024/2025 tax year. As a result, the Company has issued
and allotted 3,630,999 new Ordinary Shares on 27 March 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 61.12p
per Ordinary Share and, as a result, the number of Ordinary Shares now in
issue is 151,644,226. Therefore, the total number of voting rights in the
Company is 151,644,226 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 31 March 2025.

 

This is the second allotment in respect of 2024/2025 tax year and the Board of
the Company intends that a further allotment in respect of applications for
the 2024/2025 tax year will take place 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 £8,951,646 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

 

27 March 2025

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