REG - Maven Inc &Grwth VCT - Issue of Equity

Maven Income and Growth VCTAnnouncement

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RNS Number : 5188H  Maven Income & Growth VCT PLC  06 May 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).

 

Pursuant to the Offer, and in respect of the 2025/2026 tax year, £553,430 of
valid applications were received in the period from 27 September 2024 up to
the close of the Offer on 27 March 2025. This is the first and final allotment
in respect of the 2025/2026 tax year and, as a result, the Company has issued
and allotted 1,376,139 new Ordinary Shares on 6 May 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 40.39p
per Ordinary Share and, as a result, the number of Ordinary Shares now in
issue is 183,107,666. Therefore, the total number of voting rights in the
Company is 183,107,666.

 

The total funds raised by the Company for the 2024/2025 and the 2025/2026 tax
years was £10,000,000.

 

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 8 May 2025.

 

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

 

6 May 2025

 

 

 

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