Maven
Income and Growth VCT 4 PLC (the Company)
Issue of
Equity
On 13 October 2023, the Company
launched an offer for subscription for new ordinary shares of 10p
each (Ordinary Shares) to raise up to £5 million, with an
over-allotment facility for up to a further £2.5 million (the
Offer).
Pursuant to the Offer, £1,144,930 of
valid applications were received in the period from 9.00am on 15
January 2024 up to and including 5.00pm on 31 January 2024 in
respect of the 2023/2024 tax year. This is the second allotment in
respect of the 2023/2024 tax year and, as a result, the Company has
issued and allotted 1,830,403 new Ordinary Shares on 8 February
2024. In accordance with the allotment formula set out in the
prospectus for the Offer, the offer prices at which the shares were
issued were in the range of 61.71p to 62.52p per Ordinary Share
and, as a result, the number of Ordinary Shares now in issue is
140,073,137. Therefore, the total number of voting rights in the
Company is 140,073,137. The total amount raised by the Company for
the 2023/2024 tax year to 5 February 2024 is £2,558,822.
In respect of this allotment, an
application will be made by the Company to the FCA and to the
London Stock Exchange for the new Ordinary Shares so issued to be
admitted to the Official List and to trading on the London Stock
Exchange's main market for listed securities. It is expected that
the admission of the new Ordinary Shares will become effective, and
dealings will commence, on or around 12 February 2024.
The above statement of Voting Capital
may be used by Shareholders as the denominator for the calculations
by which they will determine if they are required to notify their
interest, or a change to their interest, in the Company under the
FCA's Disclosure Guidance and Transparency Rules.
The Board of the Company intends that
further allotments in respect of applications for the 2023/2024 tax
year will take place on, or before, 31 March 2024 and on, or
before, 5 April 2024. It is also intended that an allotment
in respect of applications for the 2024/2025 tax year will take
place on, or before, 1 May 2024. For these future allotments, and
those made to date, the Company's Offer has received applications
totalling £2,806,688.
For further information, please
contact:
Maven Capital Partners UK
LLP
Telephone: 0141 306 7400
E-mail:
enquiries@mavencp.com
Maven Capital Partners UK
LLP
Secretary
8 February 2024