Statement re Offer for Subscription

RNS Number : 3119U

Maven Income and Growth VCT 5 PLC

01 April 2021

 

Maven Income and Growth VCT 5 PLC (the Company)

Offer for Subscription

1 April 2021

On 23 October 2020, the Company and Maven Income and Growth VCT PLC announced the publication of a joint Prospectus (comprising a securities note, registration document and a summary) in relation to offers for subscription of new ordinary shares of 10p each (together the "Offers" and each an "Offer").

The Board of the Company today announces that it has received subscriptions up to its fundraising limit of £20 million (which includes the full utilisation of its £10 million over-allotment facility). Accordingly, its Offer is now closed for further applications.

The Board of the Company intends that the final allotment in respect of applications for the 2020/2021 tax year will take place today, 1 April 2021, and that a single allotment, in respect of applications for the 2021/2022 tax year, will take place on or before 4 May 2021.

Downloadable versions of the Prospectus documents are available from the Company's website at www.mavencp.com/vctoffers.  

Any enquiries in respect of the Offer, or requests for copies of the Prospectus documents (available free of charge), should be directed to:

Maven Capital Partners UK LLP

Kintyre House

205 West George Street

Glasgow

G2 2LW

Telephone: [phone]

E-mail: [e-mail]

Maven Capital Partners UK LLP
Secretary

 

END

 

 

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