Maven Income & Growth VCT 4 PLC Issue of Equity (6767C)
February 11 2020 - 10:24AM
UK Regulatory
TIDMMAV4 TIDMTTM
RNS Number : 6767C
Maven Income & Growth VCT 4 PLC
11 February 2020
Maven Income and Growth VCT 4 PLC (the Company)
Issue of Equity
On 13 November 2019 the Company launched an offer for
subscription for new ordinary shares of 10p each (Ordinary Shares)
to raise up to GBP7.5 million (the Offer). On 6 February 2020, the
Board announced that it had received subscriptions up to its
fundraising limit of GBP7.5 million and that the Offer was closed
for further applications.
Pursuant to the Offer, and the GBP6,950,479 of valid
applications received up to 6 February 2020, in respect of the
2019/2020 tax year, the Company has issued and allotted 9,719,959
new Ordinary Shares on 11 February 2020. 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
70.60p to 73.74p per Ordinary Share and, as a result, the number of
Ordinary Shares now in issue is 112,833,879. Therefore, the total
number of voting rights in the Company is 112,833,879.
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 17 February 2020.
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 an allotment in respect of
applications for the 2020/2021 tax year will take place as soon as
practicable after 6 April 2020.
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
11 February 2020
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END
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