Issue of Equity

RNS Number : 9764F

Maven Income & Growth VCT PLC

26 February 2015

 



Joint Announcement

Maven VCT Offers for Subscription - Applications for Admission to Listing and Trading

Maven Income and Growth VCT plc ("Maven VCT 1"), Maven Income and Growth VCT 2 plc ("Maven VCT 2"), Maven Income and Growth VCT 3 plc ("Maven VCT 3"), Maven Income and Growth VCT 4 plc ("Maven VCT 4") and Maven Income and Growth VCT 5 plc ("Maven VCT 5") (together "the Companies" and each a "Company") are managed by Maven Capital Partners UK LLP ("Maven"). The Boards of the Companies launched offers for subscription to raise, in aggregate, up to £18 million ("the Offers" and each an "Offer"). Full details of the Offers are contained in a prospectus ("the Prospectus"), which was published by the Companies on 20 October 2014.

On 20 February 2015, in respect of applications for subscription for the 2014/2015 tax year, each of the Companies announced initial allotments of new Ordinary Shares pursuant to the Offers as follows:

Maven VCT 1 - 5,506,387 Ordinary Shares of 10 pence (RNS 5075F)

Maven VCT 2 - 6,125,498 Ordinary Shares of 10 pence (RNS 5076F)

Maven VCT 3 - 4,070,784 Ordinary Shares of 10 pence (RNS 5077F)

Maven VCT 4 - 1,924,909 Ordinary Shares of 10 pence (RNS 5079F)

Maven VCT 5 - 9,155,381 Ordinary Shares of 10 pence (RNS 5081F)

The Boards of the Companies expect that allotments in respect of applications for the 2015/2016 tax year will take place in April 2015.

In respect of the allotments announced on 20 February 2015, applications have been made by each of the Companies to the UK Listing Authority 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 admission of the new Ordinary Shares of each of the Companies will become effective and dealings will commence on or around 2 March 2015.

For further information, please contact:

Maven Capital Partners UK LLP

Telephone: [phone]

E-mail: [e-mail]

Maven Capital Partners UK LLP

Secretary

26 February 2015

 

END

 

 

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