Issue of Equity - Replacement Announcement

RNS Number : 1930C

Maven Income & Growth VCT 4 PLC

18 February 2022

 

Maven Income and Growth VCT 4 PLC (the Company)

Issue of Equity - Replacement announcement

The Company advises of minor amendments to the Issue of Equity announcement it released at 10.51 am on 7 February 2022 (under RNS No. 8889A), as a result of a processing error at the Receiving Agent.

The reference to the number of shares allotted has been amended to 11,772,141. The references to the number of Ordinary Shares in issue and the total number of voting rights in the Company have been amended to 121,702,102.

The reference to the approximate effective admission dates for all allotted shares has been amended to 1 1 February 2022 and 22 February 2022.

All other details remain unchanged.

The full amended version is shown below.

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 £9,503,654 of valid applications were received up to the close of the early investment incentive period at close of business on Wednesday 2 February 2022. In respect of the 2021/2022 tax year, £8,894,279 of valid applications were received and, as a result, the Company has issued and allotted 11,772,141 new Ordinary Shares on 4 February 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 74.65p to 75.64p per Ordinary Share and, as a result, the number of Ordinary Shares now in issue is 121,702,102. Therefore, the total number of voting rights in the Company is  121,702,102.

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  11,770,712 of these Ordinary Shares will become effective and dealings will commence on or around 11 February 2022 (with the admission of the remaining 1,429 Ordinary Shares from this allotment to take effect, with dealings to commence, on or around 22 February 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 a final allotment in respect of applications for the 2021/2022 tax year will take place on or before 5 April 2022. It is also intended 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

18 February 2022

 

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