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

Maven Income and Growth VCT 4Announcement

07/10/2022 16:30

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RNS Number : 2322C  Maven Income & Growth VCT PLC  07 October 2022

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

7 October 2022

 

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 £40 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 the allotment and
disapplication authorities in connection with the Offers and each Company
giving notice of a General Meeting to be held on 9 November 2022 (the "General
Meeting").

The Offers will open on 7 October 2022 and the deadline for receipt of
applications is 12.00 noon on 4 April 2023 in relation to the tax year 2022/23
and 12.00 noon on 26 May 2023 in relation to the tax year 2023/24. The Offers
will close on 31 May 2023 unless the relevant Offer is fully subscribed by an
earlier date or previously extended by the relevant Board to no later than 6
October 2023.

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

Pursuant to individual offer agreements dated 7 October 2022 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 offer administration fee applying
for applications that benefit from an Early Investment Incentive discount, or
as may otherwise be waived by Maven. 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 on 0141 306 7400. A downloadable version of the
Securities Note will shortly be available from the Maven website:
www.mavencp.com/vctoffer (http://www.mavencp.com/vctoffer) .

Copies of the Prospectus and Circular are available, free of charge, from
Maven 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: https://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.

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