Issue of Equity

RNS Number : 2083E

Maven Income and Growth VCT 3 PLC

07 April 2014

 

Maven Income and Growth VCT 3 PLC

Offer for Subscription

The Board of Maven Income and Growth VCT 3 PLC (the Company) is pleased to announce that, up to and including 5 April 2014, the Company has received valid applications to the value of £4.09 million pursuant to its Offer for Subscription (the Offer), which opened on 24 October 2013.

The Board confirms that all valid applications in respect of the 2013/14 tax year, representing the sum of £3.69 million, have been accepted in full. Pursuant to the Offer, and subsequent to an initial allotment on 3 February 2014, the Company issued and allotted a further 1,526,733 Ordinary Shares of 10 pence each on 5 April 2014. The Offer Price at which the shares were issued and allotted was 83.89p per Ordinary Share.

As a result of the further allotment the number of Ordinary Shares now in issue is 36,735,590.

It is intended that a further allotment, in respect of the 2014/15 tax year, will take place by no later than 30 April 2014. The Board also resolved (together with the boards of the other companies participating in the Offer) to utilise the over-allotment facility set out in the Prospectus for the Offer.

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

7 April 2014

 

END

 

 

IOELLFFISTIDIIS