Issue of Equity

RNS Number : 0559K

Maven Income and Growth VCT 5 PLC

13 April 2015

 

Maven Income and Growth VCT 5 PLC

Offer for Subscription

The board of Maven Income and Growth VCT 5 PLC (the Company) is pleased to confirm that, as announced on 5 February 2015, the Company has received valid applications to the value of £4 million pursuant to its offer for subscription (the Offer), which opened on 20 October 2014, and, as such, is now closed for further applications.

The board confirms that all valid applications received in respect of the 2015/2016 tax year, representing the sum of £0.35 million, have been accepted and, pursuant to its Offer, the Company issued and allotted 883,977 Ordinary Shares of 10 pence each on 13 April 2015. The offer prices at which the shares were issued and allotted ranged from £0.39500087 to £0.39910600 per Ordinary Share and, as a result, the Company's issued share capital consists of 77,641,850 Ordinary Shares with voting rights (Voting Capital).

Application has been made to the UK Listing Authority and the London Stock Exchange for the new Ordinary Shares to be admitted to the Official List and to trade on the London Stock Exchange's main market for listed securities. It is expected that admission will become effective and dealings will commence on, or around, 16 April 2015.

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 and Transparency Rules.

Since the launch of the Offer, in aggregate, 10,039,358 Ordinary Shares have been issued by the Company in relation to the Offer, with net proceeds of £4 million being raised by the Company through the issue of those shares.

Maven Capital Partners UK LLP

Secretary

13 April 2015

 

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