Statement re Share Consolidation

RNS Number : 0490T

Maven Income & Growth VCT 4 PLC

30 September 2014

 

MAVEN INCOME AND GROWTH VCT 4 PLC

Completion of Share Consolidation

30 September 2014

This announcement is made by Maven Income and Growth VCT 4 plc ("the Company") in connection with the consolidation ("Share Consolidation") of the C ordinary shares of 10p each in the capital of the Company ("C Shares") into the ordinary shares of 10p each in the capital of the Company ("Ordinary Shares").

The Board of the Company is pleased to advise that the Share Consolidation has today been implemented, in accordance with the articles of association of the Company, as follows:

·      3,863,876 C Shares have been redesignated as 3,077,827 Ordinary Shares (based on a conversion ratio of 0.796847454551093 per holding of C Shares and rounded down to the nearest whole share); and

·      the balance of the C Shares held by a C Shareholder which were not redesignated as Ordinary Shares were redesignated as deferred shares of 10p each, all of which have been bought back by the Company for an aggregate price of 1p and cancelled.

As a result of the above, the issued share capital of the Company now forms one class of share, Ordinary Shares, 32,499,188 of which are in issue.  No Ordinary Shares are held in treasury by the Company.

Application has been made to the UKLA and the London Stock Exchange for amendments to the listing of the Ordinary Shares and C Shares to reflect the Share Consolidation.

Shareholders who hold their existing C Shares in certificated form will receive replacement certificates in respect of the Ordinary Shares arising from the Share Consolidation and existing share certificates in respect of C Shares will no longer be valid. Shareholders who hold their C Shares in CREST will have their CREST accounts updated.

For further enquiries please contact:

Maven Capital Partners UK LLP

Telephone: [phone]

 

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