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LONDON - Maven Income and Growth VCT 3 PLC, an investment company, has announced the issuance and allotment of 4,700,145 new ordinary shares following a public offer to raise funds. The shares, each with a nominal value of 10p, were issued on Monday at prices ranging from 50.98p to 52.33p, as part of an effort to raise up to £10 million.
The offer, which opened on 27 September 2024, has thus far attracted £2,460,343 in valid applications for the 2024/2025 tax year, reflecting investor interest within the stipulated timeframe. With this latest issuance, the total number of voting rights in the company now stands at 133,599,711. Shareholders may use this figure as a reference for disclosing changes in their holdings, in compliance with the Financial Conduct Authority’s (FCA) Disclosure Guidance and Transparency Rules.
The newly issued shares are expected to be admitted to the Official List and begin trading on the London Stock Exchange (LON:LSEG)’s main market around 31 March 2025. This marks the third allotment for the current tax year, and the board anticipates further allotments for the 2024/2025 and 2025/2026 tax years by 4 April 2025 and 2 May 2025, respectively.
To date, the company’s ongoing offer has received applications totaling £8,512,812 across both tax years. This recent development is part of the company’s strategy to expand its equity base and provide additional capital for investment opportunities.
The information in this article is based on a press release statement issued by Maven Income and Growth VCT 3 PLC.
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