Maven Income & Growth VCT 4 PLC Issue of Equity (2085E)
April 07 2014 - 5:30AM
UK Regulatory
TIDMMAV4 TIDMMAVC
RNS Number : 2085E
Maven Income & Growth VCT 4 PLC
07 April 2014
Maven Income and Growth VCT 4 PLC
Offer for Subscription
The Board of Maven Income and Growth VCT 4 PLC (the Company) is
pleased to announce that, up to and including 5 April 2014, the
Company has received valid applications to the value of GBP4.09
million pursuant to its Offer for Subscription (the Offer), which
opened on 24 October 2013.
The Board confirms that all valid applications in respect of the
2013/14 tax year, representing the sum of GBP3.69 million, have
been accepted in full. Pursuant to the Offer, and subsequent to an
initial allotment on 3 February 2014, the Company issued and
allotted a further 1,292,767 Ordinary Shares of 10 pence each on 5
April 2014. The Offer Price at which the shares were issued and
allotted was 99.07p per Ordinary Share.
As a result of the further allotment the number of Ordinary
Shares now in issue is 27,875,506.
It is intended that a further allotment, in respect of the
2014/15 tax year, will take place by no later than 30 April 2014.
The Board also resolved (together with the boards of the other
companies participating in the Offer) to utilise the over-allotment
facility set out in the Prospectus for the Offer.
Dealings in such Ordinary Shares are expected to commence as
soon as practicable after each of the respective allotment
dates.
Maven Capital Partners UK LLP
Secretary
7 April 2014
This information is provided by RNS
The company news service from the London Stock Exchange
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