Maven Income & Growth VCT PLC Statement re Joint Offers for Subscription (9000R)
08 Luglio 2022 - 4:28PM
UK Regulatory
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RNS Number : 9000R
Maven Income & Growth VCT PLC
08 July 2022
Not for release, publication or distribution in whole or in
part, in or into the United States, Canada, Australia, Japan, the
Republic of South Africa or any jurisdiction for which the same
could be unlawful. The information contained herein does not
constitute an offer of securities for sale in any jurisdiction,
including in the United States, Canada, Australia, Japan or the
Republic of South Africa.
Maven Income and Growth VCT PLC, Maven Income and Growth VCT 3
PLC, Maven Income and Growth VCT 4 PLC and Maven Income and Growth
VCT 5 PLC
(the "Companies")
Statement re Intended Joint Offers for Subscription
The directors of the Companies are pleased to announce the
intention to raise up to GBP30 million, in aggregate, by way of
joint offers for subscription of new ordinary shares, with
over-allotment facilities of up to, in aggregate, a further GBP10
million (the "Offers"), with shares to be issued in the 2022/23 and
2023/24 tax years.
Having considered the current cash reserves of the Companies and
the amount intended to be raised under the Offers, the Boards are
confident that, given the strength of the current pipeline of
investment opportunities, the Companies' investment manager, Maven
Capital Partners UK LLP, will continue to be able to identify and
complete VCT qualifying transactions in line with each Company's
investment strategy.
A prospectus, with full details of the Offers, is intended for
publication in the Autumn of 2022. A further announcement will be
made when the prospectus is available.
Applicants will be able to invest in any or all of the Offers,
in accordance with the terms to be set out in the prospectus and
subject to the relevant Offer(s) selected remaining open.
It is anticipated that the Offers will remain open until no
later than 4 April 2023 in respect of the 2022/23 tax year and
until 26 May 2023 in respect of the 2023/24 tax year, unless an
Offer is fully subscribed at an earlier date and subject to each
Board's right to close or extend the relevant Offer at any
time.
On behalf of the Boards
Maven Capital Partners UK LLP
Secretary
8 July 2022
Notes
1. The information contained within this announcement is deemed
by the Companies to constitute inside information as stipulated
under the Market Abuse Regulations (EU) No. 596/2014). Upon the
publication of this announcement via Regulatory Information
Service, this inside information is now considered to be in the
public domain.
2. This announcement does not constitute or form part of any
offer to issue or sell, or any solicitation of any offer to
subscribe or purchase, any investment in any jurisdiction, nor
shall it (or the fact of its distribution) form the basis of, or be
relied on in connection with, any contract therefor.
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END
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July 08, 2022 10:28 ET (14:28 GMT)
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