Maven Income and Growth VCT 3 PLC Issue of Equity (0570C)
05 February 2020 - 9:32PM
UK Regulatory
TIDMMIG3
RNS Number : 0570C
Maven Income and Growth VCT 3 PLC
05 February 2020
Maven Income and Growth VCT 3 PLC (the Company)
Issue of Equity
On 13 November 2019 the Company launched an offer for
subscription for new ordinary shares of 10p each (Ordinary Shares)
to raise up to GBP7.5 million (the Offer). On 28 January 2020, the
Board announced that it had received subscriptions up to its
fundraising limit of GBP7.5 million and that the Offer was closed
for further applications.
Pursuant to the Offer, and the GBP6,701,710 of valid
applications received up to 28 January 2020 in respect of the
2019/2020 tax year, the Company has issued and allotted 11,065,572
new Ordinary Shares on 5 February 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
59.92p to 62.59p per Ordinary Share and, as a result, the number of
Ordinary Shares now in issue is 78,874,600. Therefore, the total
number of voting rights in the Company is 78,874,600.
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 10 February 2020.
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 intends that an allotment in respect of applications
for the 2020/2021 tax year will take place as soon practicable
after 6 April 2020.
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
5 February 2020
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END
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