Maven Income & Growth VCT PLC Issue of Equity (9356Q)
March 03 2021 - 1:00AM
UK Regulatory
TIDMMIG1
RNS Number : 9356Q
Maven Income & Growth VCT PLC
03 March 2021
Maven Income and Growth VCT PLC (the Company)
Issue of Equity
On 23 October 2020, the Company launched an offer for
subscription for new ordinary shares of 10p each (Ordinary Shares)
to raise up to GBP10 million, with an over-allotment facility for
up to a further GBP10 million (the Offer). On 8 February 2021, the
Company announced that the Board of the Company had resolved to
exercise its discretion to utilise the over-allotment facility of
GBP10 million to the extent required to meet further investor
demand.
Pursuant to the Offer, a total of GBP13,340,521 of valid
applications were received up to the close of the early investment
incentive period at 12 noon on 26 February 2021. In respect of the
2020/21 tax year, GBP12,594,771 of valid applications were received
and, as a result, the Company has issued and allotted 28,533,898
new Ordinary Shares on 2 March 2021. 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
43.62p to 44.19p per Ordinary Share and, as a result, the number of
Ordinary Shares now in issue is 119,816,721. Therefore, the total
number of voting rights in the Company is 119,816,721.
In respect of this allotment, an application will be made by the
Company to the FCA Listing Authority 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 8 March 2021.
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 final allotment in
respect of further applications for the 2020/2021 tax year will
take place on or before 5 April 2021.
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
2 March 2021
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
IOEBLLLBFXLLBBK
(END) Dow Jones Newswires
March 03, 2021 02:00 ET (07:00 GMT)
Maven Income & Growth Vct (LSE:MIG1)
Historical Stock Chart
From Apr 2024 to May 2024
Maven Income & Growth Vct (LSE:MIG1)
Historical Stock Chart
From May 2023 to May 2024