Source - LSE Regulatory
RNS Number : 5608J
Maven Income and Growth VCT 3 PLC
05 April 2024

Maven Income and Growth VCT 3 PLC (the Company)


Issue of Equity


The following amendment has been made to the Issue of Equity announcement released on 5 April 2024 at 15:37 under RNS No. 5583J


For the future allotment, and those made to date, the Company's Offer has received applications totalling £291,300 has been amended to £6,360,238.


All other details remain unchanged.


The full amended text is shown below.


On 13 October 2023, 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 £2.5 million (the Offer).


Pursuant to the Offer, a total of £1,517,581 of valid applications were received in the period from 9.00am on 21 March 2024 up to and including 9.00am on 5 April 2024 in respect of the 2023/2024 tax year. This is the final allotment in respect of the 2023/2024 tax year and, as a result, the Company has issued and allotted 2,912,533 new Ordinary Shares on 5 April 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 50.61p to 53.56p per Ordinary Share and, as a result, the number of Ordinary Shares now in issue is 121,551,302. Therefore, the total number of voting rights in the Company is 121,551,302. The total amount raised by the Company for the 2023/2024 tax year to 5 April 2024 is £4,815,483.


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 8 April 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 an allotment in respect of applications for the 2024/2025 tax year will take place on, or before, 1 May 2024. For the future allotment, and those made to date, the Company's Offer has received applications totalling £6,360,238


For further information, please contact:


Maven Capital Partners UK LLP

Telephone: 0141 306 7400



Maven Capital Partners UK LLP



5 April 2024




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