REG - Maven Inc&Grwth 5 - Issue of Equity

Maven Income and Growth VCT 5Announcement

19/12/2023 15:30

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RNS Number : 3543X  Maven Income and Growth VCT 5 PLC  19 December 2023

Maven Income and Growth VCT 5 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, a total of £1,233,791 of valid applications were
received in the period from 13 October 2023 up to and including 9.00am on 13
December 2023. In respect of the 2023/2024 tax year, £1,211,541 of valid
applications were received and, as a result, the Company has issued and
allotted 3,680,581 new Ordinary Shares on 19 December 2023. 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 32.53p to 33.89p
per Ordinary Share and, as a result, the number of Ordinary Shares now in
issue is 199,080,292. Therefore, the total number of voting rights in the
Company is 199,080,292.

 

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 4 January 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 a further allotment in respect of
applications for the 2023/2024 tax year will take place shortly after the end
of the Early Investment Incentive period, being 5.00pm on 31 January 2024.

 

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

 

19 December 2023

 

 

 

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