Maven Income and Growth VCT 3 PLC Issue of Equity (1446X)
November 21 2017 - 9:45AM
UK Regulatory
TIDMMIG3
RNS Number : 1446X
Maven Income and Growth VCT 3 PLC
21 November 2017
Maven Income and Growth VCT 3 PLC (the Company)
Issue of Equity
On 22 September 2017 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).
Pursuant to the Offer, and the GBP4,741,183.25 million of valid
applications received up to 20 November 2017, in respect of the
2017/2018 tax year, the Company has issued and allotted 6,496,645
new Ordinary Shares on 21 November 2017. 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
72.20p to 74.83p per Ordinary Share and, as a result, the number of
Ordinary Shares now in issue is 47,003,109. Therefore, the total
number of voting rights in the Company is 47,003,109.
In respect of this allotment, an application will be made by the
Company to the UK 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 28 November 2017.
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
and Transparency Rules.
The board of the Company intends that an allotment in respect of
further applications for the 2017/2018 tax year received prior to
the close of the early investment incentive period on 2 February
2018, will take place as soon as practicable thereafter.
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
21 November 2017
This information is provided by RNS
The company news service from the London Stock Exchange
END
IOELLFVELVLLFID
(END) Dow Jones Newswires
November 21, 2017 10:45 ET (15:45 GMT)
Maven Income And Growth ... (LSE:MIG3)
Historical Stock Chart
From Apr 2024 to May 2024
Maven Income And Growth ... (LSE:MIG3)
Historical Stock Chart
From May 2023 to May 2024