Maven Income and Growth VCT 3 PLC Issue of Equity (5429S)
July 09 2020 - 5:00AM
UK Regulatory
TIDMMIG3
RNS Number : 5429S
Maven Income and Growth VCT 3 PLC
09 July 2020
Maven Income and Growth VCT 3 PLC (the Company)
Issue of Equity
On 13 November 2019, the Company and Maven Income and Growth VCT
4 PLC launched a joint offer for subscription for new ordinary
shares of 10p each (Ordinary Shares) to raise up to GBP7.5 million
(the Offer). On 28 January 2020, the Board announced that it had
received subscriptions up to its fundraising limit of GBP7.5
million and that the Offer was closed for further applications.
Pursuant to the Offer, and the GBP798,290 of valid applications
received in respect of the 2020/2021 tax year, the Company has
issued and allotted 1,443,232 new Ordinary Shares on 9 July 2020.
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 55.29p to 55.45p 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 13 July 2020.
Following this final allotment, a total of 12,508,804 Ordinary
Shares have been issued by the Company pursuant to the Offer, and
the number of Ordinary Shares now in issue is 79,780,710.
Therefore, the total number of voting rights in the Company is
79,780,710.
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
9 July 2020
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END
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