Maven Income and Growth VCT 3 PLC Issue of Equity (3540X)

TIDMMIG3

RNS Number : 3540X

Maven Income and Growth VCT 3 PLC

19 December 2023

Maven Income and Growth VCT 3 PLC (the Company)

Issue of Equity

On 13 October 2023, the Company launched an offer for subscription for new ordinary shares of 10p each (Ordinary Shares) to raise up to GBP5 million, with an over-allotment facility for up to a further GBP2.5 million (the Offer).

Pursuant to the Offer, a total of GBP704,417 of valid applications were received in the period from 13 October 2023 up to and including 9.00am on 13 December 2023. In respect of the 2023/2024 tax year, GBP678,167 of valid applications were received and, as a result, the Company has issued and allotted 1,276,962 new Ordinary Shares on 19 December 2023. 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 52.48p to 54.67p per Ordinary Share and, as a result, the number of Ordinary Shares now in issue is 114,347,289. Therefore, the total number of voting rights in the Company is 114,347,289.

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 4 January 2024.

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 further allotment in respect of applications for the 2023/2024 tax year will take place shortly after the end of the Early Investment Incentive period, being 5.00pm on 31 January 2024.

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

19 December 2023

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

IOEFLFFEFELALIV

(END) Dow Jones Newswires

December 19, 2023 10:25 ET (15:25 GMT)

Maven Income And Growth ... (LSE:MIG3)
Historical Stock Chart
From Oct 2024 to Nov 2024