Maven Income and Growth VCT 5 PLC Issue of Equity (4087U)
April 06 2021 - 1:00AM
UK Regulatory
TIDMMIG5
RNS Number : 4087U
Maven Income and Growth VCT 5 PLC
06 April 2021
Maven Income and Growth VCT 5 PLC (the Company)
Issue of Equity
On 23 October 2020, the Company launched an offer for
subscription for new ordinary shares of 10p each (Ordinary Shares)
to raise up to GBP10 million, with an over-allotment facility for
up to a further GBP10 million (the Offer). On 8 February 2021, the
Company announced that the Board of the Company had resolved to
exercise its discretion to utilise the over-allotment facility of
GBP10 million. The Company announced on 1 April 2021, that, as the
over-allotment facility had been utilised in full, the Offer had
closed fully subscribed.
Pursuant to the Offer, and the GBP10,040,796 of valid
applications received from 12 noon on 26 February 2021 until the
closure of the offer on 30 March 2021, in respect of the 2020/2021
tax year, the Company has issued and allotted 26,817,537 new
Ordinary Shares on 1 April 2021. 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 36.75p to
38.00p per Ordinary Share and, as a result, the number of Ordinary
Shares now in issue is 175,095,451. Therefore, the total number of
voting rights in the Company is 175,095,451.
In respect of this allotment, an application will be made by the
Company to the FCA 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 2021.
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 a final allotment in
respect of applications for the 2021/2022 tax year will take place
on or before 4 May 2021.
For further information, please contact:
Maven Capital Partners UK LLP
Telephone: 0141 306 7400
E-mail: enquiries@mavencp.com
Maven Capital Partners UK LLP
Company Secretary
1 April 2021
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