Maven Income and Growth VCT 3 PLC Issue of Equity (9901L)
April 24 2018 - 11:51AM
UK Regulatory
TIDMMIG3
RNS Number : 9901L
Maven Income and Growth VCT 3 PLC
24 April 2018
Maven Income and Growth VCT 3 PLC (the Company)
Issue of Equity
On 5 April 2018 the Board announced that the Company had
received (and subsequently accepted) valid applications to the
value of GBP20 million, including an over allotment facility of
GBP5 million, for the offer for subscription that opened on 22
September 2017 (the Offer) and was fully subscribed and closed to
further applications.
Pursuant to the Offer, and the GBP2,232,385.08 of valid
applications received in respect of the 2018/2019 tax year, the
Company has issued and allotted 3,305,548 new Ordinary Shares on 24
April 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 67.26p to 68.38p per Ordinary
Share.
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 26 April 2018.
Following this final allotment, a total of 28,235,365 Ordinary
Shares have been issued by the Company pursuant to the Offer, and
the number of Ordinary Shares now in issue is 68,858,231.
Therefore, the total number of voting rights in the Company is
68,858,231.
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
24 April 2018
This information is provided by RNS
The company news service from the London Stock Exchange
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