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Maven Income and Growth VCT Cuts Share Count After Buy-Back

Story Highlights
  • Maven Income and Growth VCT repurchased and cancelled over 3.6 million shares at 34.3p, reducing its share count.
  • Following the buy-back, the trust’s issued capital stands at about 207 million shares, resetting voting and disclosure baselines.
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Maven Income and Growth VCT ( (GB:MIG1) ) has shared an update.

Maven Income and Growth VCT PLC has bought back 3,653,330 of its own ordinary shares for cancellation at 34.3p per share, in a move that reduces the number of shares in circulation and can be supportive of net asset value per share. The transaction leaves the company with an issued share capital of 207,349,376 ordinary shares, clarifying the new base for shareholder voting rights and regulatory disclosure thresholds under the FCA’s transparency rules.

More about Maven Income and Growth VCT

Maven Income and Growth VCT PLC is a UK-listed venture capital trust that provides investors with access to a diversified portfolio of smaller, growth-focused companies. The trust is managed by Maven Capital Partners and is structured to deliver income and capital gains within the VCT tax-advantaged framework.

Average Trading Volume: 9,380

Technical Sentiment Signal: Strong Buy

Learn more about MIG1 stock on TipRanks’ Stock Analysis page.

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