Maven Income & Growth VCT 4 PLC Statement re Intended Offers for Subscription (5241L)
July 19 2017 - 6:20AM
UK Regulatory
TIDMMAV4 TIDMMIG3 TIDMTTM
RNS Number : 5241L
Maven Income & Growth VCT 4 PLC
19 July 2017
Maven Income and Growth VCT 3 PLC and Maven Income and Growth
VCT 4 PLC
(the "Companies")
Statement re Intended Offers for Subscription
The Directors of the Companies are pleased to announce the
intention to raise up to GBP30 million, in aggregate, by way of
offers for subscription of new ordinary shares, with over-allotment
facilities of up to, in aggregate, a further GBP10 million (the
"Offers"), with shares to be issued in the 2017/18 and 2018/19 tax
years.
The Boards are confident that, given the strength of the current
pipeline of private company introductions, the Companies'
investment manager, Maven Capital Partners UK LLP, will continue to
be able 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 September 2017.
An applicant will be able to invest amounts of their choice in
one or both of the Offers, in accordance with the terms to be set
out in the prospectus for the Offers and subject to the relevant
Offers selected remaining open.
It is anticipated that the Offers will remain open until 5 April
2018 in respect of the 2017/18 tax year and until 30 April 2018 in
respect of the 2018/19 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.
For further details, or to register an interest in the Offers,
please contact Maven Capital Partners UK LLP by telephone on 0141
306 7400 or by e-mail to enquiries@mavencp.com.
On behalf of the Boards
Maven Capital Partners UK LLP
Secretary
19 July 2017
This information is provided by RNS
The company news service from the London Stock Exchange
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