Maven Income and Growth VCT 3 PLC Issue of Equity - Replacement Announcement (1927C)
February 18 2022 - 12:48PM
UK Regulatory
TIDMMIG3
RNS Number : 1927C
Maven Income and Growth VCT 3 PLC
18 February 2022
Maven Income and Growth VCT 3 PLC (the Company)
Issue of Equity - Replacement announcement
The Company advises of minor amendments to the Issue of Equity
announcement it released at 10.50 am on 7 February 2022 (under RNS
No. 8887A) as a result of a processing error at the Receiving
Agent.
The reference to the number of shares allotted has been amended
to 13,603,037. The references to the number of Ordinary Shares in
issue and the total number of voting rights in the Company have
been amended to 92,263,476.
The reference to the approximate effective admission dates for
the allotted shares has been amended to 1 1 February 2022 and 22
February 2022.
All other details remain unchanged.
The full amended version is shown below.
Issue of Equity
On 20 September 2021, the Company launched an offer for
subscription for new ordinary shares of 10p each (Ordinary Shares)
to raise up to GBP10 million, with an over-allotment facility for
up to a further GBP10 million (the Offer).
Pursuant to the Offer, a total of GBP9,162,381 of valid
applications were received up to the close of the early investment
incentive period at close of business on Wednesday 2 February 2022.
In respect of the 2021/2022 tax year, GBP8,610,706 of valid
applications were received and, as a result, the Company has issued
and allotted 13,603,037 new Ordinary Shares on 4 February 2022. 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 62.55p to 65.33p per Ordinary Share and, as a result,
the number of Ordinary Shares now in issue is 92,263,476.
Therefore, the total number of voting rights in the Company is
92,263,476.
In respect of this allotment, application will be made by the
Company to the FCA 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 13,601,386 of
these Ordinary Shares will become effective and dealings will
commence on or around 11 February 2022 (with the admission of the
remaining 1,651 Ordinary Shares from this allotment to take effect,
with dealings to commence, on or around 22 February 2022).
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 applications for the 2021/2022 tax year will take place
on or before 5 April 2022. It is also intended that an allotment in
respect of applications for the 2022/2023 tax year will take place
as soon practicable after the close of the Offer, which is expected
to be on 3 June 2022 unless the Offer is fully subscribed by an
earlier date or extended, at the Board's discretion, to a date up
to and including 9 September 2022.
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
18 February 2022
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END
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