Issue of Equity

RNS Number : 3903H

Maven Income and Growth VCT 3 PLC

05 April 2022

 

Maven Income and Growth VCT 3 PLC (the Company)

Issue of Equity

On 20 September 2021, the Company launched an offer for subscription for new ordinary shares of 10p each (Ordinary Shares) to raise up to £10 million, with an over-allotment facility for up to a further £10 million (the Offer).

Pursuant to the Offer, a total of £2,893,343 of valid applications were received from the period 22 March 2022 to 12 noon on 4 April 2022 in respect of the 2021/2022 tax year. This is the final allotment in respect of the 2021/2022 tax year and as a result, the Company has issued and allotted 4,767,002 new Ordinary Shares on 5 April 2022. In accordance with the allotment formula set out in the prospectus for the Offer, the offer prices at which the shares were issued were in the range of 59.65p to 60.63p per Ordinary Share and, as a result, the number of Ordinary Shares now in issue is 101,585,864. Therefore, the total number of voting rights in the Company is 101,585,864.

In respect of this allotment, an application will be made by the Company to the FCA and to the London Stock Exchange for the new Ordinary Shares so issued to be admitted to the Official List and to trading on the London Stock Exchange's main market for listed securities. It is expected that the admission of the new Ordinary Shares will become effective and dealings will commence on or around 11 April 2022.

The above statement of Voting Capital may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest, or a change to their interest, in the Company under the FCA's Disclosure Guidance and Transparency Rules.

The Board of the Company intends that an allotment in respect of applications for the 2022/2023 tax year will take place as soon practicable after the close of the Offer, which is expected to be on 3 June 2022 unless the Offer is fully subscribed by an earlier date or extended, at the Board's discretion, to a date up to and including 9 September 2022.

For further information, please contact:

Maven Capital Partners UK LLP

Telephone: [phone]

E-mail: [e-mail]

Maven Capital Partners UK LLP

Secretary

5 April 2022

 

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