Issue of Equity

RNS Number : 5429S

Maven Income and Growth VCT 3 PLC

09 July 2020

 

Maven Income and Growth VCT 3 PLC (the Company)

Issue of Equity

On 13 November 2019, the Company and Maven Income and Growth VCT 4 PLC launched a joint offer for subscription for new ordinary shares of 10p each (Ordinary Shares) to raise up to £7.5 million (the Offer). On 28 January 2020, the Board announced that it had received subscriptions up to its fundraising limit of £7.5 million and that the Offer was closed for further applications.

Pursuant to the Offer, and the £798,290 of valid applications received in respect of the 2020/2021 tax year, the Company has issued and allotted 1,443,232 new Ordinary Shares on 9 July 2020. 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 55.29p to 55.45p per Ordinary Share.

In respect of this allotment, an application will be made by the Company 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 the admission of the new Ordinary Shares will become effective and dealings will commence on or around 13 July 2020.

Following this final allotment, a total of 12,508,804 Ordinary Shares have been issued by the Company pursuant to the Offer, and the number of Ordinary Shares now in issue is 79,780,710.  Therefore, the total number of voting rights in the Company is  79,780,710.

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.

For further information, please contact:

Maven Capital Partners UK LLP

Telephone: [phone]

E-mail: [e-mail]

Maven Capital Partners UK LLP

Secretary

9 July 2020

 

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