IN BRIEF: Maven Income VCT, Maven Income VCT 5 To Raise GBP20 Million

Maven Income & Growth VCT PLC - venture capital trust - Says it, along with Maven Income & Growth VCT 5 PLC, intends to raise up to GBP20 million in joint offer for subscription with over-allotment facilities of up to a further GBP20 million. Shares will be issued in the 2020/21 and 2021/22 tax years. "The boards are confident that, given the strength of the current pipeline of investment opportunities, the companies' investment manager will continue to be able identify and complete VCT qualifying transactions in line with each company's investment strategy," Maven said.

Maven Income & Growth current stock price: 40.00 pence

Year-to-date change: down 6.1%

Maven Income & Growth VCT 5 current stock price: 30.88 pence

Year-to-date change: down 6.4%

By Ife Taiwo; ifetaiwo@alliancenews.com

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