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Maven Renovar VCT Cuts Share Count After Buy-Back

Story Highlights
  • Maven Renovar VCT bought back and cancelled 181,478 shares at around 56p, reflecting ongoing capital management efforts.
  • The company now has 141,011,724 shares in issue, setting the new baseline for shareholder voting and disclosure calculations.
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Amati AIM ( (GB:MRV) ) just unveiled an update.

Maven Renovar VCT PLC has executed a share buy-back, purchasing and cancelling a total of 181,478 ordinary shares at prices between 56p and 56.5p per share, in line with its capital management strategy and typical VCT practice to support the secondary market in its shares.

Following the transaction, the company’s issued share capital stands at 141,011,724 ordinary shares of 5p each, clarifying the current total voting rights figure that shareholders should use when assessing disclosure obligations under the Financial Conduct Authority’s transparency rules.

More about Amati AIM

Maven Renovar VCT PLC is a UK-listed venture capital trust focused on investing in smaller companies, providing shareholders with exposure to a diversified portfolio of growth-oriented businesses while offering tax-efficient investment opportunities under the UK VCT regime.

Average Trading Volume: 29,354

Technical Sentiment Signal: Sell

For a thorough assessment of MRV stock, go to TipRanks’ Stock Analysis page.

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