Maven
Income and Growth VCT PLC (the Company)
Issue of
Equity
On 13 October 2023, the Company
launched an offer for subscription for new ordinary shares of 10p
each (Ordinary Shares) to raise up to £5 million, with an
over-allotment facility for up to a further £2.5 million (the
Offer).
Pursuant to the Offer, £1,991,681 of
valid applications were received in the period from 9.00am on 21
March 2024 up to and including 9.00am on 5 April 2024 in respect of
the 2023/2024 tax year. This is the final allotment in respect of
the 2023/2024 tax year and, as a result, the Company has issued and
allotted 4,912,576 new Ordinary Shares on 5 April 2024. 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 39.45p to 40.49p per Ordinary Share and, as a result,
the number of Ordinary Shares now in issue is 162,316,858.
Therefore, the total number of voting rights in the Company is
162,316,858. The total amount raised by the Company for the
2023/2024 tax year to 5 April 2024 is £6,093,538.
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 8 April 2024.
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 2024/2025 tax year
will take place on, or before, 1 May 2024. For these future
allotments, and those made to date, the Company's Offer has
received applications totalling £6,360,238.
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
5 April 2024
