REG - Maven Inc &Grwth VCT Maven Inc&Grwth 5 Maven IncGwth VCT 3 MavIncGroVCT4 - Publication of a Prospectus

Maven Income and Growth VCT 4Announcement

13/10/2023 17:05

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20231013:nRSM1307Qa&default-theme=true

RNS Number : 1307Q  Maven Income & Growth VCT PLC  13 October 2023

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN OR INTO
THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR
ANY JURISDICTION FOR WHICH THE SAME COULD BE UNLAWFUL. THE INFORMATION
CONTAINED HEREIN DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE IN ANY
JURISDICTION, INCLUDING IN THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR THE
REPUBLIC OF SOUTH AFRICA.

 

Joint Announcement by Maven Income and Growth VCT PLC, Maven Income and Growth
VCT 3 PLC, Maven Income and Growth VCT 4 PLC and Maven Income and Growth VCT 5
PLC

Offers for Subscription

13 October 2023

 

The Board of Directors of Maven Income and Growth VCT PLC, Maven Income and
Growth VCT 3 PLC, Maven Income and Growth VCT 4 PLC and Maven Income and
Growth VCT 5 PLC (together the "Companies" and each a "Company") are pleased
to announce that they have published a joint Prospectus (comprising a
Securities Note, Registration Document and Summary) in relation to offers for
subscription for new Ordinary Shares of 10p each in each of the Companies to
raise, in aggregate, up to £30 million including over-allotment facilities of
up to, in aggregate, £10 million (before issue costs) (the "Offers" and each
an "Offer").

The Companies have also published a joint Circular (the "Circular") seeking
the approval of their respective shareholders for various matters, including
obtaining shareholder approval of allotment and disapplication authorities in
connection with the Offers and each Company giving notice of a General Meeting
to be held on 9 November 2023 (the "General Meeting").

The Offers will open on 13 October 2023 and the deadline for receipt of
applications is 9.00 am on 5 April 2024 in relation to the tax year 2023/24
and 5.00 pm on 26 April 2024 in relation to the tax year 2024/25. The Offers
will close on 1 May 2024 unless the relevant Offer is fully subscribed by an
earlier date or previously extended by the relevant Board to no later than 11
October 2024.

Each Offer is conditional on the passing of certain resolutions at the
relevant General Meeting.

Pursuant to individual offer agreements dated 13 October 2023 relating to each
Offer between, among others, each relevant Company and Maven Capital Partners
LLP ("Maven"), Maven, as the administrator of each Offer, will receive an
offer administration fee of 2.5% of the application amount in relation to each
accepted application, with reductions to the fee applying in certain cases
(for instance, early applications under the Offers). Maven, as the investment
manager of each Company, is a related party of each Company under the Listing
Rules, and the payment of such a fee by the Company to Maven is a transaction
to which Listing Rule 11.1.10R applies.

To obtain a copy of the Securities Note, private investors and financial
advisers should call Maven Capital Partners LLP on 0141 306 7400. A
downloadable version of the Securities Note will also be available from the
Maven website: mavencp.com/vctoffer (http://www.mavencp.com/vctoffer) .

Copies of the Prospectus and Circular are available, free of charge, from
Maven Capital Partners UK LLP at Kintyre House, 205 West George Street,
Glasgow G2 2LW.

Copies of the Prospectus have been submitted to the National Storage Mechanism
and will shortly be available for viewing online at the following website
address: data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .

Any enquiries in respect of the Offers should be directed to:

Maven Capital Partners UK LLP

Telephone: 0141 306 7400

E-mail: enquiries@mavencp.com (mailto:enquiries@mavencp.com)

The information contained within this announcement is deemed by the Companies
to constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014). Upon the publication of this announcement via
Regulatory Information Service this inside information is now considered to be
in the public domain.

 

Notes

 

This announcement does not constitute or form part of any offer to issue or
sell, or any solicitation of any offer to subscribe or purchase, any
investment in any jurisdiction, nor shall it (or the fact of its distribution)
form the basis of, or be relied on in connection with, any contract therefor.

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  PDIKZMMGKFZGFZM