Issue of Equity

RNS Number : 5081F

Maven Income and Growth VCT 5 PLC

20 February 2015

 

Maven Income and Growth VCT 5 PLC

Offer for Subscription

The board of Maven Income and Growth VCT 5 PLC (the Company) is pleased to confirm that, as announced on 5 February 2015, the Company has received valid applications to the value of £4 million pursuant to its offer for subscription (the Offer), which opened on 20 October 2014, and, as such, is now closed for further applications.

The board confirms that all valid applications received in respect of the 2014/2015 tax year, representing the sum of £3.65 million, have been accepted and, pursuant to its Offer, the Company issued and allotted 9,155,381 Ordinary Shares of 10 pence each on 20 February 2015. The offer prices at which the shares were issued and allotted ranged from £0.39500087 to £0.40617384 per Ordinary Share and, as a result, the number of Ordinary Shares now in issue is 76,757,873.

The board expects an allotment in respect of applications for the 2015/2016 tax year to take place in April 2015.

Dealings in such Ordinary Shares are expected to commence as soon as practicable after each of the respective allotment dates.

Maven Capital Partners UK LLP

Secretary

20 February 2015

 

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