Maven Income and Growth VCT 5 PLC Issues New Shares Under Dividend Investment Scheme
Why we think this is neutral
The equity raise appears to be a routine, non-dilutive issue of new shares under the Company's Dividend Investment Scheme, with the new shares priced at net asset value. There are no significant discounts or other concerning factors identified in the RNS announcement.
Key Points
- Issue of 674,291 new ordinary shares under Dividend Investment Scheme
- New shares priced at 31.48p per share, equivalent to net asset value
Summary
The investment trust has issued new shares under its Dividend Investment Scheme, with the shares priced at net asset value.
Maven Income and Growth VCT 5 PLC has issued 674,291 new ordinary shares of 10p each at a price of 31.48p per share under its Dividend Investment Scheme. The new shares were issued at a price equivalent to the latest announced net asset value per share, indicating a neutral event with no significant discounts or dilution to existing shareholders.
PLACING