Gold prices hold gains amid Fed rate cut hopes, tariff jitters
LONDON - Maven Income and Growth VCT 4 PLC has completed the issue of new ordinary shares, raising a total of £10 million over two tax years. The final allotment, part of an offer launched on September 27, 2024, was issued on Tuesday, resulting in 1,017,992 new shares and bringing the total number of voting rights to 156,000,944.
The offer aimed to raise up to £5 million, with an option to extend by another £5 million. For the 2025/26 tax year, the company received £600,425 worth of valid applications by the offer’s closing date on April 1, 2025. The shares were issued at prices ranging from 58.30p to 59.24p per share.
Admission of the new ordinary shares to the Financial Conduct Authority (FCA) and the London Stock Exchange (LON:LSEG)’s main market is anticipated to be effective around May 8, 2025. This move will enable trading of the shares and is part of the process following the company’s successful capital raise.
The company’s statement also serves as a reference for shareholders to determine any necessary notifications of interest changes under the FCA’s Disclosure Guidance and Transparency Rules.
This equity issue is part of the company’s growth strategy, offering investors the opportunity to participate in the company’s development and potentially benefit from tax-efficient investment options. The capital raised is expected to support the company’s investments and operations moving forward.
The information in this article is based on a press release statement from Maven Income and Growth VCT 4 PLC.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.