Maven
Income and Growth VCT 3 PLC (the Company)
Issue of
Equity
On 27 September 2024, the Company
launched an offer for subscription for new ordinary shares of 10p
each (Ordinary Shares) to raise up to £5 million, with an
over-allotment facility for up to a further £5 million (the
Offer).
Pursuant to the Offer, a total of
£1,915,672 of valid applications were received in the period from
27 September 2024 up to 12 noon on 13 December 2024. In respect of
the 2024/2025 tax year, £1,829,912 of valid applications were
received and, as a result, the Company has issued and allotted
3,523,208 new Ordinary Shares on 18 December 2024. 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 51.31p to 51.99p per Ordinary Share and, as a result, the number
of Ordinary Shares now in issue is 124,652,826. Therefore, the
total number of voting rights in the Company is
124,652,826.
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 23 December 2024.
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 2024/2025
tax year will take place shortly after the end of the Early
Investment Incentive period, being 5.00pm on 7 February
2025.
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
18 December 2024