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LONDON - Maven Income and Growth VCT 3 PLC announced the issuance of 576,443 new ordinary shares at a price of 48.83p per share on Friday. The shares were issued under the company’s Dividend Investment Scheme (DIS), which allows shareholders to reinvest their cash dividends into new ordinary shares.
The issue price is equivalent to the most recently announced net asset value per share, in line with the DIS terms and conditions. Following this issue, Maven Income and Growth VCT 3 PLC’s issued share capital now totals 139,712,397 ordinary shares, each carrying one voting right.
Shareholders may use the updated share capital figure as the denominator for calculations required by the Financial Conduct Authority’s Disclosure, Guidance and Transparency Rules. These rules mandate shareholders to disclose their interest, or any change in their interest, in the company.
The newly issued shares are expected to be admitted to the Official List and to commence trading on the London Stock Exchange (LON:LSEG)’s main market for listed securities around May 14, 2025. This move is subject to the approval of the Financial Conduct Authority (FCA) and the London Stock Exchange.
This equity issue is a routine financial operation for Maven Income and Growth VCT 3 PLC, a publicly-traded company, and is part of its ongoing capital management strategy. The information outlined in this article is based on a press release statement issued by the company.
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