Offer for Subscription

RNS Number : 3673R

Maven Income and Growth VCT 5 PLC

24 October 2013

 

Maven Income and Growth VCT 5 plc

Offer for Subscription

24 October 2013

Maven Income and Growth VCT plc, Maven Income and Growth VCT 2 plc, Maven Income and Growth VCT 3 plc, Maven Income and Growth VCT 4 plc, Maven Income and Growth VCT 5 plc and Maven Income and Growth VCT 6 plc (together "the Companies") announce that they have published a Prospectus (comprising a Securities Note, Registration Document and Summary) in relation to offers for subscription for new Ordinary Shares in each of the Companies to raise, in aggregate, up to £20 million (before issue costs) together with an over-allotment facility for up to a further £5 million, in aggregate (the "Offer").

The Companies have also published a circular to shareholders (the "Circular") seeking shareholder approval for matters in connection with the Offer and giving notice of general meetings to be held on 27 November 2013 (the "General Meetings").

The Offer will open on 24 October 2013 and are expected to close no later than 5 April 2013 in relation to the tax year 2013/14 and 30 April 2014 in relation to the tax year 2014/15 (unless fully subscribed by an earlier date or previously extended by the directors to no later than 30 September 2014).

To obtain a copy of the Securities Note, private investors and financial advisers should call Maven Capital Partners LLP on 0141 306 7400.  A downloadable version of the Securities Note will also be available from each Company's website: http://www.mavencp.com/migvct, http://www.mavencp.com/migvct2, http://www.mavencp.com/migvct3, http://www.mavencp.com/migvct4, http://www.mavencp.com/migvct5 and http://www.mavencp.com/migvct6.

Copies of the Prospectus and Circular are available, free of charge, from Maven Capital Partners UK LLP at Kintyre House, 205 West George Street, Glasgow G2 2LW.

In accordance with the Listing Rules, the Prospectus and Circular have been submitted to the National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/uk/NSM.

Any enquiries in respect of the Offer should be directed to:

Maven Capital Partners UK LLP

Telephone:  [phone]

E-mail: [e-mail]

Maven Capital Partners UK LLP

Secretary

 

END

 

 

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