Maven Income & Growth VCT 4 PLC Statement re Proposed Joint Fund Raising (8646O)
25 Settembre 2013 - 12:35PM
UK Regulatory
TIDMMAV4 TIDMMAVC
RNS Number : 8646O
Maven Income & Growth VCT 4 PLC
25 September 2013
Maven Income and Growth VCT plc, Maven Income and Growth VCT 2
plc, Maven Income and Growth VCT 3 plc, Maven Income and Growth VCT
4 plc, Maven Income and Growth VCT 5 plc and Maven Income and
Growth VCT 6 plc (the "Companies")
Statement re: Proposed Joint Fundraising
The Directors of the Companies are pleased to announce that they
are planning to raise up to GBP20 million, in aggregate, by way of
a joint offer for subscription of new ordinary shares (the
"Offer").
Maven Income and Growth VCT plc, Maven Income and Growth VCT 2
plc, Maven Income and Growth VCT 3 plc and Maven Income and Growth
VCT 4 plc will each be aiming to raise up to GBP4 million, with
Maven Income and Growth VCT 5 plc and Maven Income and Growth VCT 6
plc aiming to raise up to GBP3 million and GBP1 million
respectively.
Applications will be accepted on a first-come, first-served
basis, subject to the Directors' discretion. Each applicant's
subscription will be split across the six Companies pro-rata to the
amounts being raised by each Company, in accordance with the terms
to be set out in the Prospectus for the Offer.
It is anticipated that the Offer will remain open until 5 April
2014 in respect of the 2013/14 tax year and until late April 2014
in respect of the 2014/15 tax year, unless fully subscribed at an
earlier date and subject to the Directors' right to close or extend
the Offer at any time. As there would be no minimum overall
subscription, potential investors can be assured that the Offer,
once launched, will proceed.
The full terms of the Offer will be set out in a detailed
Prospectus to be approved by the UK Listing Authority which is
expected to be issued in October 2013. The Offer will be subject to
the approval of the Shareholders of each of the Companies, who will
receive a Circular explaining the necessary authorities required
for the Offer to proceed. It is anticipated that the Circular will
be issued in October 2013.
On behalf of the Board
Maven Capital Partners UK LLP, Secretary
25 September 2013
This information is provided by RNS
The company news service from the London Stock Exchange
END
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