REG - MavIncGroVCT4 - Issue of Equity

Maven Income and Growth VCT 4Announcement

04/04/2025 18:30

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RNS Number : 8096D  Maven Income & Growth VCT 4 PLC  04 April 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). As
announced on 1 April 2025, the Company's Offer is now fully subscribed and
closed to further applications.

 

Pursuant to the Offer, £1,895,840 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 3,098,353 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 59.47p to 61.04p per
Ordinary Share and, as a result, the number of Ordinary Shares now in issue is
154,742,579. Therefore, the total number of voting rights in the Company is
154,742,579 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 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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