Statement re completion of Enhanced Buyback scheme

RNS Number : 8391O

Maven Income and Growth VCT 5 PLC

16 October 2012

 

MAVEN INCOME AND GROWTH VCT 5 PLC

Enhanced Buyback Scheme

The board of directors ("Board") of Maven Income and Growth VCT 5 PLC ("the Company") is pleased to announce that the Company's enhanced buyback scheme in respect of the ordinary shares of 10p each in the capital of the Company ("Enhanced Buyback Scheme") has now closed.

All correctly completed applications in respect of the Enhanced Buyback Scheme have been accepted in full and there has been no scaling back of applications.

The Company has today purchased 6,461,699 ordinary shares of 10 pence each ("Ordinary Shares") at a price of 33.1 pence per share and allotted 6,253,670 Ordinary Shares at 34.2 pence per share pursuant to the Enhanced Buyback Scheme.

The new Ordinary Shares rank pari passu in all respects with the existing share capital of the Company.

Application has been made to the UK Listing Authority and the London Stock Exchange for the new Ordinary Shares to be admitted to the Official List and to trade on the London Stock Exchange's main market for listed securities. It is expected that admission will become effective and dealings will commence on, or around, 19 October 2012.

As a result, of the buyback and allotment of shares undertaken today pursuant to the Enhanced Buyback Scheme, there are now 59,069,108 Ordinary Shares in issue.

The above figures may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FSA's Disclosure and Transparency Rules.

For further enquiries, please contact:

Maven Capital Partners UK LLP, Secretary

0141 306 7400

 

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