Maven Income and Growth VCT 3 PLC Issue of Equity (1060E)
February 06 2018 - 12:06PM
UK Regulatory
TIDMMIG3
RNS Number : 1060E
Maven Income and Growth VCT 3 PLC
06 February 2018
Maven Income and Growth VCT 3 PLC (the Company)
Issue of Equity
On 22 September 2017 the Company launched an offer for
subscription for new ordinary shares of 10p each (Ordinary Shares)
to raise up to GBP15 million, with an over-allotment facility for
up to a further GBP5 million (the Offer).
Pursuant to the Offer, and the GBP6,287,770 of valid
applications received from 20 November 2017 until noon on 2
February 2018 in respect of the 2017/2018 tax year, the Company has
issued and allotted 8,588,012 new Ordinary Shares on 6 February
2018. 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 72.35p to 73.83p per Ordinary Share
and, as a result, the number of Ordinary Shares now in issue is
55,604,957. Therefore, the total number of voting rights in the
Company is 55,604,957.
In respect of this allotment, an application will be made by the
Company to the UK 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 12 February 2018.
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.
The board of the Company intends that a final allotment in
respect of further applications for the 2017/2018 tax year will
take place on or before 5 April 2018.
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 February 2018
This information is provided by RNS
The company news service from the London Stock Exchange
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