REG - Maven Inc &Grwth VCT - Issue of Equity

Maven Income and Growth VCTAnnouncement

04/04/2025 18:15

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RNS Number : 8093D  Maven Income & Growth VCT PLC  04 April 2025

Maven Income and Growth VCT PLC (the Company)

 

Issue of Equity

 

On 27 September 2024, 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 £5 million (the Offer). As
announced on 27 March 2025, the Company's Offer is now fully subscribed and
closed to further applications.

 

Pursuant to the Offer, a total of £635,957 of valid applications were
received in the period from 9.00am on 24 March 2025, up to the closure of the
Offer, in respect of the 2024/2025 tax year. As a result, the Company has
issued and allotted 1,573,753 new Ordinary Shares on 4 April 2025. 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 39.37p
to 40.40p per Ordinary Share and, as a result, the number of Ordinary Shares
now in issue is 181,724,496. Therefore, the total number of voting rights in
the Company is 181,724,496 and this 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

 

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 9 April 2025.

 

This is the third and final allotment in respect of the 2024/2025 tax year. It
is intended that an allotment in respect of applications for the 2025/2026 tax
year will take place on, or before, 2 May 2025.

 

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

 

4 April 2025

 

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