Maven
Income and Growth VCT PLC (the Company)
Issue of
Equity
On 27 September 2024, 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 £5 million (the
Offer).
Pursuant to the Offer, a total of
£3,578,326 of valid applications were received in the period from
27 September 2024 up to 9.00am on 23 January 2025. In respect of
the 2024/2025 tax year, £3,475,058 of valid applications were
received and, as a result, the Company has issued and allotted
8,686,790 new Ordinary Shares on 28 January 2025. 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 39.47p to 39.99p per Ordinary Share and, as a result, the number
of Ordinary Shares now in issue is 168,278,583. Therefore, the
total number of voting rights in the Company is
168,278,583.
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 31 January 2025.
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
further allotments in respect of applications for the 2024/2025 tax
year will take place after the end of the Early Investment
Incentive period, being 5.00pm on 7 February 2025, and on or before
5 April 2025.
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
28 January 2025
