Maven Income & Growth VCT PLC 1, 3, 4 and 5 on Friday said they have each allotted new shares after receiving applications to their subscription offers launched in 2022.

VCT 1 said it received £884,869 worth of valid applications from October to May 26 relating to its subscription offer to raise £10 million. The offer prices of the shares were in the range of 43.44 pence to 44.15p per share.

VCT 3 said it received £819,220 in valid applications from October to May 26 in its subscription offer to raise up to £5 million, with an over allotment facility for up to another £5 million. The offer prices of the shares were in the range of 56.27p to 57.18p.

VCT 4 said it received £1.1 million in valid applications between October and May 26 relating to its subscription offer to raise up to £5 million, with an over allotment facility for up to another £5 million. The offer prices of the shares were in the range of 67.13p to 68.23p.

VCT 5 said it received £866,853 in valid applications between October and May 26 in its subscription offer to raise up to £10 million. The offer prices of the shares were in the range of 35.30p to 35.88p.

Shares in Maven Income & Growth VCT were flat at 41.00p per share in London on Friday morning, while shares in VCT 3 were down 1.9% at 52.50p each, shares in VCT4 were flat at 63.00 each and VCT 5 shares were flat at 33.00p each.

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