Maven Income and Growth VCT 3 PLC Statement re Intended Joint Offer for Subscription (1233K)
August 23 2019 - 11:23AM
UK Regulatory
TIDMMIG3 TIDMMAV4
RNS Number : 1233K
Maven Income and Growth VCT 3 PLC
23 August 2019
Maven Income and Growth VCT 3 PLC and Maven Income and Growth
VCT 4 PLC
(the "Companies")
Statement re Intended Joint Offers for Subscription
The Directors of the Companies are pleased to announce the
intention to raise up to GBP15 million, in aggregate, by way of
joint offers for subscription of new ordinary shares (the
"Offers"), with shares to be issued in the 2019/20 and 2020/21 tax
years.
The Boards are confident that, given the strength of the current
pipeline of investment opportunities, the Companies' investment
manager, Maven Capital Partners UK LLP, will continue to be able
identify and complete VCT qualifying transactions in line with each
Company's investment strategy.
A prospectus with full details of the Offers is intended for
publication in Autumn 2019. A further announcement will be made
when the prospectus is available.
An applicant will be able to invest in one or both of the
Offers, in accordance with the terms to be set out in the
prospectus for the Offers and subject to the relevant Offer
selected remaining open.
It is anticipated that the Offers will remain open until no
later than 3 April 2020 in respect of the 2019/20 tax year and
until 30 April 2020 in respect of the 2020/21 tax year, unless an
Offer is fully subscribed at an earlier date and subject to each
Board's right to close or extend the relevant Offer at any
time.
On behalf of the Boards
Maven Capital Partners UK LLP
Secretary
23 August 2019
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END
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