Statement re Offer for Subscription

RNS Number : 1437C

Maven Income and Growth VCT 3 PLC

16 June 2021

 

Maven Income and Growth VCT 3 PLC and Maven Income and Growth VCT 4 PLC

(the "Companies")

Statement re Intended Joint Offers for Subscription

The directors of the Companies are pleased to announce the intention to raise up to £20 million, in aggregate, by way of joint offers for subscription of new ordinary shares, with over-allotment facilities of up to, in aggregate, a further £20 million (the "Offers"), with shares to be issued in the 2021/22 and 2022/23 tax years.

The Boards are confident that, given the strength of the current pipeline of investment opportunities, the Companies' investment manager, Maven Capital Partners UK LLP, will continue to be able to identify and complete VCT qualifying transactions in line with each Company's investment strategy.

A prospectus, with full details of the Offers, is intended for publication in early September 2021. A further announcement will be made when the prospectus is available.

Applicants will be able to invest in either one or both of the Offers, in accordance with the terms to be set out in the prospectus and subject to the relevant Offer selected remaining open.

It is anticipated that the Offers will remain open until no later than 4 April 2022 in respect of the 2021/22 tax year and until 27 May 2022 in respect of the 2022/23 tax year, unless an Offer is fully subscribed at an earlier date and subject to each Board's right to close or extend the relevant Offer at any time.

On behalf of the Boards

Maven Capital Partners UK LLP

Secretary

16 June 2021

 

END

 

 

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