REG - Maven Inc&Grwth 5 - Issue of Equity

Maven Income and Growth VCT 5Announcement

01/05/2024 10:15

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RNS Number : 8099M  Maven Income and Growth VCT 5 PLC  01 May 2024

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 £575,500 of valid applications were
received in the period from 13 October 2023 up to and including 5.00pm on 26
April 2024 in respect of the 2024/2025 tax year. This is the first and final
allotment in respect of the 2024/2025 tax year and, as a result, the Company
has issued and allotted 1,784,429 new Ordinary Shares on 1 May 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 31.52p
to 32.35p per Ordinary Share and, as a result, the number of Ordinary Shares
now in issue is 213,699,226. Therefore, the total number of voting rights in
the Company is 213,699,226.

 

The total funds raised by the Company for the 2023/2024 and the 2024/2025 tax
years is £6,838,385.

 

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 3 May 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.

 

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

 

1 May 2024

 

 

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