Maven Income and Growth VCT 3 PLC Issues New Shares Under Dividend Investment Scheme
Why we think this is good
The equity raise by Maven Income and Growth VCT 3 PLC appears to be a positive development. The new shares were issued at a 5.2% premium to the previous closing price, indicating strong investor appetite for the company's stock. The purpose of the raise is to issue shares under the company's Dividend Investment Scheme, which is a common practice and can help to retain and reward existing shareholders. There are no significant negative factors identified in the information provided.
Key Points
- Issue of 576,443 new ordinary shares at 48.83p per share
- New shares issued under Dividend Investment Scheme
- Raise represents approximately 0.4% of existing share capital
- New shares issued at a 5.2% premium to previous closing price
Summary
Maven Income and Growth VCT 3 PLC has issued 576,443 new ordinary shares at a price of 48.83p per share, which is a 5.2% premium to the previous closing price of 46.40p. The new shares were issued under the company's Dividend Investment Scheme. This small raise, representing approximately 0.4% of the existing share capital, is a positive development as it indicates strong investor appetite for the company's stock and will help to retain and reward existing shareholders.