Wed, 21st Jan 2015 15:47
Maven Income and Growth VCT PLC ("Maven VCT 1")
Statement re Offers for Subscription and Related Party Transaction
Maven VCT 1, Maven Income and Growth VCT 2 PLC ("Maven VCT 2"), Maven Income and Growth VCT 3 PLC ("Maven VCT 3"), Maven Income and Growth VCT 4 PLC ("Maven VCT 4") and Maven Income and Growth VCT 5 PLC ("Maven VCT 5") (together "the Companies") are managed by Maven Capital Partners UK LLP ("Maven").
The Boards of the Companies launched the offers for subscription to raise, in aggregate, up to £18 million ("the Offers" and each an "Offer"). Full details of the Offers are contained in a prospectus, which was published by the Companies on 20 October 2014.
Sir Charles Stuart-Menteth Bt has submitted an application to subscribe £100,000 under the Offer in respect of Maven VCT 1, which has been accepted. As a Director of Maven VCT 1, Sir Charles is a related party of that company under the Listing Rules and, consequently, the subscription is a transaction to which Listing Rule 11.1.10R applies.
For further information, please contact:
Maven Capital Partners UK LLP
Telephone: 0141 306 7400