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LONDON - Maven Income and Growth VCT PLC (LON:MIG1) issued 516,013 new ordinary shares on Friday under its Dividend Investment Scheme (DIS), according to a company statement.
The shares were allotted at a price of 37.97p per share, which corresponds to the company’s latest announced net asset value per share, in line with the terms and conditions of the scheme.
Following this issuance, Maven Income and Growth VCT’s total issued share capital now stands at 181,957,056 ordinary shares of 10p each, with each share carrying one voting right.
The company has applied to the Financial Conduct Authority and the London Stock Exchange (LON:LSEG) for the new shares to be admitted to the Official List and to trading on the London Stock Exchange’s main market for listed securities. Trading in these shares is expected to commence around July 23, 2025.
The Dividend Investment Scheme allows shareholders to reinvest their dividends by purchasing additional shares in the company instead of receiving cash payments.
Maven Capital Partners (WA:CPAP) UK LLP issued the statement on behalf of the company’s board.
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