REG - Maven Inc &Grwth VCT - Issue of Equity

Maven Income and Growth VCTAnnouncement

02/06/2023 09:45

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RNS Number : 5004B  Maven Income & Growth VCT PLC  02 June 2023

Maven Income and Growth VCT PLC (the Company)

 

Issue of Equity

 

On 7 October 2022, the Company launched an offer for subscription for new
ordinary shares of 10p each (Ordinary Shares) to raise up to £10 million (the
Offer).

 

Pursuant to the Offer, £884,869 of valid applications were received in the
period from 7 October 2022 up to 12 noon on 26 May 2023 in respect of the
2023/2024 tax year. This is the first and final allotment in respect of the
2023/2024 tax year and, as a result, the Company has issued and allotted
2,013,349 new Ordinary Shares on 2 June 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 43.44p to 44.15p per Ordinary Share
and, as a result, the number of Ordinary Shares now in issue is 148,939,237.
Therefore, the total number of voting rights in the Company is 148,939,237.

 

The total funds raised by the Company for the 2022/2023 and the 2023/2024 tax
years is £6,740,117.

 

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 6 June 2023.

 

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

 

2 June 2023

 

 

 

 

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