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LONDON (Alliance News) - Maven Income and Growth VCT PLC, Maven Income and Growth VCT 2 PLC, Maven Income and Growth VCT 3 PLC and Maven Income and Growth VCT 5 PLC said they plan to raise up to GBP4 million each, while Maven Income and growth VCT 4 PLC plans to raise up to GBP2 million, all via a share subscription.
In a joint statement, the companies said applicants will be able to elect to subscribe equally in each of the five companies. Investors will also be able to choose to invest amounts of their choice in one or more of the offers.
It is expected that the offers will remain open until April 1, 2015 in respect of the 2014/15 tax year and until late April 2015 in respect of the 2015/16 tax year, unless fully subscribed at an earlier date and subject to each of the company's right to close or extend the relevant offer at any time.
"As there will be no minimum aggregate subscription for a company, potential investors can be assured that the offers, once launched, will proceed," the statement said.
Maven Income and Growth VCT shares were quoted down 2.3% at 63.50 pence Wednesday morning, while Maven Income and Growth VCT 5 shares were flat at 36.25 pence.
Maven Income and Growth VCT 4 shares were quoted up 2.6% at 88.00 pence Wednesday morning.
Maven Income and Growth VCT 2 and Maven Income and Growth VCT 3 shares were both untraded Wednesday.
By Anthony Tshibangu; anthonytshibangu@alliancenews.com; @AnthonyAllNews
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