LONDON (Alliance News) - Maven Income & Growth VCT PLC on Wednesday said its previously announced capital raise offer is now approaching its GBP15 million target and company now intends to use its over-allotment facility.
Maven Income & Growth VCT and Maven Income & Growth VCT 5 PLC announced the publication of their joint prospectus in September to raise up to GBP30 million between them, with a further GBP5 million allotment facility per VCT.
Given "continued interest from potential investors", Maven Income & Growth VCT will use this over-allotment facility "to the extent required to meet further investor demand".
Shares in Maven Income & Growth VCT were flat at 43.00 pence on Wednesday.
Maven Income 1 (MIG1)
Maven I&g Vct5 (MIG5)