Information  X 
Enter a valid email address

MavIncGroVCT4 (MAV4)

  Print      Mail a friend

Tuesday 06 February, 2018


Issue of Equity

RNS Number : 1059E
Maven Income & Growth VCT 4 PLC
06 February 2018

Maven Income and Growth VCT 4 PLC (the Company)


Issue of Equity


On 22 September 2017 the Company launched an offer for subscription for new ordinary shares of 10p each (Ordinary Shares) to raise up to £15 million, with an over-allotment facility for up to a further £5 million (the Offer).


Pursuant to the Offer, and the £4,902,850 of valid applications received from 20 November 2017 until noon on 2 February 2018 in respect of the 2017/2018 tax year, the Company has issued and allotted 5,792,849 new Ordinary Shares on 6 February 2018. 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 83.64p to 85.35p per Ordinary Share and, as a result, the number of Ordinary Shares now in issue is 42,867,484. Therefore, the total number of voting rights in the Company is 42,867,484.


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 12 February 2018.


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 further applications for the 2017/2018 tax year will take place on or before 5 April 2018.


For further information, please contact:


Maven Capital Partners UK LLP

Telephone: 0141 306 7400

E-mail: [email protected]


Maven Capital Partners UK LLP



6 February 2018





This information is provided by RNS
The company news service from the London Stock Exchange

a d v e r t i s e m e n t