Maven
Income and Growth VCT 3 PLC (the Company)
Issue of
Equity
The following amendment has been made
to the Issue of Equity announcement released on 5 April 2024 at
15:37 under RNS No. 5583J
For the future allotment, and those
made to date, the Company's Offer has received applications
totalling £291,300 has been amended to £6,360,238.
All other details remain
unchanged.
The full amended text is shown
below.
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, a total of
£1,517,581 of valid applications were received in the period from
9.00am on 21 March 2024 up to and including 9.00am on 5 April 2024
in respect of the 2023/2024 tax year. This is the final allotment
in respect of the 2023/2024 tax year and, as a result, the Company
has issued and allotted 2,912,533 new Ordinary Shares on 5 April
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 50.61p to 53.56p per Ordinary Share
and, as a result, the number of Ordinary Shares now in issue is
121,551,302. Therefore, the total number of voting rights in the
Company is 121,551,302. The total amount raised by the Company for
the 2023/2024 tax year to 5 April 2024 is £4,815,483.
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 8 April
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
an allotment in respect of applications for the 2024/2025 tax year
will take place on, or before, 1 May 2024. For the future
allotment, and those made to date, the Company's Offer has received
applications totalling £6,360,238
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
5 April 2024