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LONDON - Four Maven Income and Growth Venture Capital Trusts (VCTs) announced today the publication of a prospectus for a joint offer to raise up to £50 million, including over-allotment facilities of up to £20 million, through the issue of new ordinary shares.
The fundraising, announced in a press release statement, involves Maven Income and Growth VCT PLC, Maven Income and Growth VCT 3 PLC, Maven Income and Growth VCT 4 PLC, and Maven Income and Growth VCT 5 PLC.
The offer opens today and is expected to close by April 2, 2026, for shares to be allotted in the 2025/26 tax year and by May 1, 2026, for the 2026/27 tax year, unless fully subscribed earlier or extended by directors to no later than September 30, 2026.
Each company’s participation is conditional on passing specific resolutions at their respective General Meetings scheduled for November 13, 2025.
Maven Capital Partners UK LLP, the investment manager of the VCTs, will receive a fee of up to 2.5% of the aggregate amount received from subscribers for providing administration services and procuring subscribers. This arrangement has been deemed fair and reasonable by the boards of the companies, with written advice provided by their sponsor, Howard Kennedy Corporate Services LLP.
The prospectus and related circular have been submitted to the National Storage Mechanism and will be available for viewing online. Private investors and financial advisers can obtain copies by contacting Maven Capital Partners or downloading from the Maven website.
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