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Pin to quick picksMaven I&g Vct5 Regulatory News (MIG5)

Share Price Information for Maven I&g Vct5 (MIG5)

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Maven Income and Growth VCT 5 is an Investment Trust

To invest in a diversified portfolio of later-stage UK private companies to provide long-term capital appreciation and generate maintainable levels of income for shareholders.

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Statement re Offers for Subscription

5 Feb 2015 17:00

RNS Number : 2074E
Maven Income and Growth VCT 5 PLC
05 February 2015
 

Joint Announcement

 

Offers for Subscription - Maven VCT 5 Offer Fully Subscribed

 

Maven Income and Growth VCT plc ("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" and each a "Company") are managed by Maven Capital Partners UK LLP ("Maven").

 

The Boards of the Companies launched 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 ("the Prospectus"), which was published by the Companies on 20 October 2014.

 

Further to the announcements of 7, 20 and 30 January and 3 February 2015 that the respective Offers by Maven VCT 4, Maven VCT 1, Maven VCT 3 and Maven VCT 2 were closed for further applications, the Companies are pleased to announce that applications have now been received for the full amount available under the Maven VCT 5 Offer and, as such, the Maven VCT Offers are now all fully subscribed and closed for further applications.

 

It is anticipated that the allotment of new ordinary shares by the Companies pursuant to the Offers in relation to the 2014/15 tax year will take place on or around 23 February 2015, as indicated in the Prospectus, and that the allotment of new ordinary shares by the Companies in relation to the 2015/16 tax year will take place as soon as practicable after 6 April 2015.

 

The Prospectus was submitted to the Financial Conduct Authority and copies of the Prospectus are available for download from the Companies' websites:

 

· www.mavencp.com/migvct

· www.mavencp.com/migvct2

· www.mavencp.com/migvct3

· www.mavencp.com/migvct4

· www.mavencp.com/migvct5

 

and from the National Storage Mechanism (http://www.hemscott.com/nsm.do). 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 February 2015

This information is provided by RNS
The company news service from the London Stock Exchange
 
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