Issue of Equity
Summary by AI BETAClose X
Maven Income and Growth VCT 3 PLC (the Company)
Issue of Equity
On 2 October 2025, the Company launched an offer for subscription for new ordinary shares of 10p each (Ordinary Shares) to raise up to £7.5 million, with an over-allotment facility for up to a further £5 million (the Offer).
Pursuant to the Offer, a total of £189,000 of valid applications were received in the period from 2 October 2025 up to 9.00am on 9 April 2026 in respect of the 2026/2027 tax year. As a result, the Company has issued and allotted 401,061 new Ordinary Shares on 14 April 2026. 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 47.05p to 47.78p per Ordinary Share and, as a result, the number of Ordinary Shares now in issue is 156,265,762. Therefore, the total number of voting rights in the Company is 156,265,762 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 London Stock Exchange for the new Ordinary Shares to be admitted 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 15 April 2026.
This is the first allotment in respect of the 2026/2027 tax year. Pursuant to the Offer, it is intended that a further, final allotment in respect of applications for the 2026/2027 tax year will take place before 30 April 2026. The Company's Offer has, to date, received applications totalling £9,497,052 for both the 2025/2026 and 2026/2027 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
14 April 2026
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