REG - MavIncGroVCT4 MavIncGroVCT4. - Issue of Equity

Maven Income and Growth VCT 4Announcement

27/03/2024 10:45

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RNS Number : 5264I  Maven Income & Growth VCT 4 PLC  27 March 2024

Maven Income and Growth VCT 4 PLC (the Company)

 

Issue of Equity

 

On 13 October 2023, 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 £2.5 million (the Offer).

 

Pursuant to the Offer, £1,020,550 of valid applications were received in the
period from 5.00pm on 31 January 2024 up to and including 9.00am on 21 March
2024 in respect of the 2023/2024 tax year. This is the third allotment in
respect of the 2023/2024 tax year and, as a result, the Company has issued and
allotted 1,610,530 new Ordinary Shares on 27 March 2024. 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 61.71p to 63.35p
per Ordinary Share and, as a result, the number of Ordinary Shares now in
issue is 140,646,805. Therefore, the total number of voting rights in the
Company is  140,646,805. The total amount raised by the Company for the
2023/2024 tax year to 26 March 2024 is £4,608,057.

 

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 28 March 2024.

 

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 the final allotment in respect of
applications for the 2023/2024 tax year will take place on 5 April 2024.  It
is also intended that an allotment in respect of applications for the
2024/2025 tax year will take place on, or around, 1 May 2024. For these future
allotments, and those made to date, the Company's Offer has received
applications totalling £4,758,857.

 

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 2024

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