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, £2,064,474 of
valid applications were received in the period from 9.00am on 23
January 2025 up to and including 9.00am on 14 February 2025 in
respect of the 2024/2025 tax year. As a result, the Company has
issued and allotted 3,425,661 new Ordinary Shares on 19 February
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 61.05p per Ordinary Share
and, as a result, the number of Ordinary Shares now in issue is
150,198,533. Therefore, the total number of voting rights in the
Company is 150,198,533 and this 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.
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 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 21 February 2025.
This is the second allotment in
respect of 2024/2025 tax year and the Board of the Company intends
that further allotments in respect of applications for the
2024/2025 tax year will take place on, or before, 31 March 2025 and
on, or before, 4 April 2025. It is also intended that an allotment
in respect of applications for the 2025/2026 tax year will take
place on, or before, 2 May 2025. The Company's Offer has, to date,
received applications totalling £5,506,486 for both tax
years.
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
19 February 2025
