Maven Income and Growth VCT 3 PLC Issue of Equity (7997F)
March 23 2022 - 1:05PM
UK Regulatory
TIDMMIG3
RNS Number : 7997F
Maven Income and Growth VCT 3 PLC
23 March 2022
Maven Income and Growth VCT 3 PLC (the Company)
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 GBP2,862,532 of valid
applications were received from the period 3 February 2022 up to
close of business on Monday 21 March 2022. In respect of the
2021/2022 tax year, GBP2,687,932 of valid applications were
received and, as a result, the Company has issued and allotted
4,314,618 new Ordinary Shares on 23 March 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
60.55p to 64.08p per Ordinary Share and, as a result, the number of
Ordinary Shares now in issue is 96,818,862. Therefore, the total
number of voting rights in the Company is 96,818,862.
In respect of this allotment, an 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 the new Ordinary
Shares will become effective and dealings will commence on or
around 25 March 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
23 March 2022
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END
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