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LONDON - Maven Income and Growth VCT 3 PLC announced Thursday that shareholders approved all four resolutions proposed at its General Meeting, enabling the company to proceed with its planned offer for subscription of new ordinary shares.
The resolutions, which passed at the November 13 meeting, authorize directors to allot new shares, disapply pre-emption rights, reduce the share premium account, and cancel the capital redemption reserve.
According to the company statement, valid proxy appointments were made for 6,204,259 ordinary shares, representing approximately 4.5% of the company’s total 137,260,216 voting rights as of the November 11 record date.
The resolution to authorize directors to allot new shares received the strongest support with 5,614,524 votes in favor, while 442,710 votes were cast against. The resolution to disapply pre-emption rights faced the most opposition with 513,187 votes against, though it still passed comfortably with 5,287,563 votes in favor.
The company noted that the resolutions were outlined in a circular to shareholders dated October 2, 2025. The approved measures will support Maven Income and Growth VCT 3’s offer for subscription of new ordinary shares of 10p each.
The information was released in a regulatory news service announcement submitted to the National Storage Mechanism, as required for London Stock Exchange listed companies.
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