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LONDON - Maven Income and Growth VCT 5 PLC (LSE:MIG5) has completed the issuance of new ordinary shares, raising a total of £10 million over two tax years. The final allotment for the 2025/2026 tax year occurred on Tuesday, with the company allocating 1,926,860 new ordinary shares.
The equity issue began on September 27, 2024, with the objective of raising up to £5 million, plus an additional £5 million through an over-allotment option. By the close of the offer on March 27, 2025, the company had received £618,930 of valid applications for the current tax year.
Shares were issued at prices ranging from 31.80p to 32.30p, bringing the total number of ordinary shares in issue to 234,157,261. This latest issuance means the total voting rights in the company now equal the number of ordinary shares.
Maven Income and Growth VCT 5 PLC has announced that these new shares will be admitted to the Official List and commence trading on the London Stock Exchange (LON:LSEG)’s main market around May 8, 2025. This move is expected to increase liquidity and provide new investors with the opportunity to participate in the company’s growth.
The funds raised are part of the company’s strategy to provide shareholders with a tax-efficient return on investment. The total capital raised for the 2024/2025 and 2025/2026 tax years has reached the targeted £10 million, in line with the company’s initial objectives.
The announcement also serves as a reference for shareholders to determine their notification requirements under the FCA’s Disclosure Guidance and Transparency Rules.
This equity issue marks a significant milestone for Maven Income and Growth VCT 5 PLC, as it continues to seek investment opportunities that can deliver income and capital growth to its investors. The information is based on a press release statement by the company.
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