Issue of Equity
Summary by AI BETAClose X
Maven Income and Growth VCT 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 £3,984,506 of valid applications were received in the period from 2 October 2025 up to 9.00am on 12 January 2026. In respect of the 2025/2026 tax year, £3,808,007 of valid applications were received and, as a result, the Company has issued and allotted 10,327,649 new Ordinary Shares on 15 January 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 36.38p to 36.86p per Ordinary Share and, as a result, the number of Ordinary Shares now in issue is 189,161,331. Therefore, the total number of voting rights in the Company is 189,161,331.
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 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 20 January 2026.
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 of the Company intends that a further allotment in respect of applications for the 2025/2026 tax year will take place on or before 5 April 2026.
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
15 January 2026
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