Maven Income & Growth VCT PLC Issue of Equity (5140X)
May 04 2021 - 10:37AM
UK Regulatory
TIDMMIG1
RNS Number : 5140X
Maven Income & Growth VCT PLC
04 May 2021
Maven Income and Growth VCT PLC (the Company)
Issue of Equity
On 23 October 2020, the Company launched an offer for
subscription for new ordinary shares of 10p each (Ordinary Shares)
to raise up to GBP10 million, with an over-allotment facility for
up to a further GBP10 million (the Offer). On 8 February 2021, the
Company announced that the Board of the Company had resolved to
exercise its discretion to utilise the over-allotment facility of
GBP10 million. On 24 March 2021, the Company announced that, as the
over-allotment facility had been utilised in full, the Offer had
closed fully subscribed.
Pursuant to the Offer, and the GBP910,500 of valid applications
received in respect of the 2021/2022 tax year, the Company has
issued and allotted 2,026,395 new Ordinary Shares on 4 May 2021. 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 44.41p to 45.57p per Ordinary Share.
In respect of this allotment, an application will be made by the
Company to the FCA Listing Authority 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 10 May 2021.
Following this final allotment, a total of 45,045,568 Ordinary
Shares have been issued by the Company pursuant to the Offer, and
the number of Ordinary Shares now in issue is 135,928,391.
Therefore, the total number of voting rights in the Company is
135,928,391.
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
Company Secretary
4 May 2021
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