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, £703,400 of
valid applications were received in the period from 13 October 2023
up to and including 5.00pm on 26 April 2024 in respect of the
2024/2025 tax year. This is the first and final allotment in
respect of the 2024/2025 tax year and, as a result, the Company has
issued and allotted 1,745,660 new Ordinary Shares on 1 May 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 40.48p per Ordinary Share and, as a result,
the number of Ordinary Shares now in issue is 164,062,518.
Therefore, the total number of voting rights in the Company is
164,062,518.
The total funds raised by the Company
for the 2023/2024 and the 2024/2025 tax years is
£6,796,938.
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 3 May 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.
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
1 May 2024
