Maven Income & Growth VCT PLC Issue of Equity (9327W)
April 24 2019 - 3:47AM
UK Regulatory
TIDMMIG1
RNS Number : 9327W
Maven Income & Growth VCT PLC
24 April 2019
Maven Income and Growth VCT PLC (the Company)
Issue of Equity
On 26 September 2018, the Company launched an offer for
subscription for new ordinary shares of 10p each (Ordinary Shares)
to raise up to GBP15 million, with an over-allotment facility for
up to a further GBP5 million (the Offer). On 23 January 2019, the
Company announced that the Board of the Company had resolved to
exercise its discretion to utilise the over-allotment facility of
GBP5 million. On 4 March 2019, the Company announced that, as the
over-allotment facility had been utilised in full, the Offer had
closed fully subscribed.
Pursuant to the Offer, and the GBP1,477,330 of valid
applications received in respect of the 2019/2020 tax year, the
Company has issued and allotted 3,049,148 new Ordinary Shares on 24
April 2019. 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 48.24p to 49.00p per Ordinary
Share.
In respect of this allotment, an application will be made by the
Company to the FCA and 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 April 2019.
Following this final allotment, a total of 41,161,201 Ordinary
Shares have been issued by the Company pursuant to the Offer, and
the number of Ordinary Shares now in issue is 94,025,085.
Therefore, the total number of voting rights in the Company is
94,025,085.
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.
For further information, please contact:
Maven Capital Partners UK LLP
Telephone: 0141 306 7400
E-mail: enquiries@mavencp.com
Maven Capital Partners UK LLP
Company Secretary
24 April 2019
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END
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