Maven Income and Growth VCT 3 PLC Issue of Equity (0366K)
April 05 2018 - 12:22PM
UK Regulatory
TIDMMIG3
RNS Number : 0366K
Maven Income and Growth VCT 3 PLC
05 April 2018
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). On the 2 March 2018 the
Company announced that the Board of the Company had resolved to
exercise its discretion to utilise the over-allotment facility of
GBP5 million.
Pursuant to the Offer, and the GBP6,738,661.67 of valid
applications received from 2 February 2018 until noon on 3 April
2018 in respect of the 2017/2018 tax year, the Company has issued
and allotted 9,845,160 new Ordinary Shares on 5 April 2018. 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 67.32p to 69.07p per Ordinary Share and, as a result,
the number of Ordinary Shares now in issue is 65,200,117.
Therefore, the total number of voting rights in the Company is
65,200,117.
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 9 April 2018.
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 confirms that, as the over-allotment
facility has now been utilised in full, the Offer has closed fully
subscribed. The Board intends that a final allotment in respect of
applications for the 2018/2019 tax year will take place on or
before 20 April 2018.
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 2018
This information is provided by RNS
The company news service from the London Stock Exchange
END
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