Maven
Income and Growth VCT 4 PLC (the Company)
Issue of
Equity
On 27 September 2024, the Company
launched an offer for subscription for new ordinary shares of 10p
each (Ordinary Shares) to raise up to £5 million, with an
over-allotment facility for up to a further £5 million (the
Offer).
Pursuant to the Offer, a total of
£3,247,107 of valid applications were received in the period from
27 September 2024 to 9.00am on 23 January 2025. In respect of the
2024/2025 tax year, £3,100,975 of valid applications were received
and, as a result, the Company has issued and allotted 5,145,945 new
Ordinary Shares on 28 January 2025. 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
59.47p to 60.26p per Ordinary Share and, as a result, the number of
Ordinary Shares now in issue is 146,772,872. Therefore, the total
number of voting rights in the Company is 146,772,872.
In respect of this allotment, an
application will be made by the Company to the FCA 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 31 January 2025.
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
further allotments in respect of applications for the 2024/2025 tax
year will take place after the end of the Early Investment
Incentive period, being 5.00pm on 7 February 2025, and on or before
5 April 2025.
For further information, please
contact:
Maven Capital Partners UK
LLP
Telephone: 0141 306 7400
E-mail:
enquiries@mavencp.com
Maven Capital Partners UK
LLP
Secretary
28 January 2025
