Maven Income and Growth VCT 3 PLC Statement re Offer for Subscription (1437C)
June 16 2021 - 10:16AM
UK Regulatory
TIDMMIG3 TIDMMAV4
RNS Number : 1437C
Maven Income and Growth VCT 3 PLC
16 June 2021
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 GBP20 million, in aggregate, by way of
joint offers for subscription of new ordinary shares, with
over-allotment facilities of up to, in aggregate, a further GBP20
million (the "Offers"), with shares to be issued in the 2021/22 and
2022/23 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 to
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 early September 2021. A further announcement will be
made when the prospectus is available.
Applicants will be able to invest in either one or both of the
Offers, in accordance with the terms to be set out in the
prospectus and subject to the relevant Offer selected remaining
open.
It is anticipated that the Offers will remain open until no
later than 4 April 2022 in respect of the 2021/22 tax year and
until 27 May 2022 in respect of the 2022/23 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
16 June 2021
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