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.
Joint Announcement by 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 (each a VCT and together the
Maven VCTs)
Offer for Subscription
28 January 2025
On 27 September 2024, the Maven VCTs
announced the publication of a joint Prospectus (comprising a
Securities Note, Registration Document and Summary) in relation to
an offer for subscription of new Ordinary Shares of 10p each (the
"Offer").
The Boards of the Maven VCTs are
pleased to advise that, with valid subscriptions received to date
under the Offer now approaching their aggregate initial fundraising
target of £20 million, and in view of continued interest from
potential investors, the Directors of each VCT have resolved to
make use of their respective over-allotment facilities
of up to £5m per VCT, as provided
for under the terms and conditions of the Offer, to the extent
required to meet any additional demand.
The deadline for receipt of
applications for the Offer is 9.00 am on 4 April 2025 in relation
to the tax year 2024/25 and 5.00 pm on 25 April 2025 in relation to
the tax year 2025/26. The Offer will close on 1 May 2025 unless it
is fully subscribed by an earlier date or extended by the Board to
no later than 26 September 2025. The deadline for the receipt of
applications that will qualify for the Early Investment Incentive
is 5.00 pm on 7 February 2025
Downloadable versions of the
Prospectus documents are available
at: mavencp.com/vctoffer.
Any enquiries in respect of the
Offer, or requests for copies of the Prospectus documents
(available free of charge), should be directed to:
Maven Capital Partners UK
LLP
Kintyre House
205 West George Street
Glasgow
G2 2LW
Telephone: 0141 306 7400
E-mail: enquiries@mavencp.com
Maven Capital Partners UK LLP
Secretary
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.
Notes
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.
