Maven Income and Growth VCT PLC commences an Equity Buyback Plan for 20,135,061 shares, representing 14.99% of its issued share capital, under the authorization approved on July 7, 2022.

Maven Income and Growth VCT PLC (LSE:MIG1) commences share repurchases on August 5, 2022, under the program mandated by the shareholders in the Annual General Meeting held on July 7, 2022. As per the mandate, the company is authorized to repurchase up to 20,135,061 shares, representing 14.99% of its issued share capital. The minimum price (exclusive of expenses) which may be paid for each ordinary share is £10p and the maximum price which may be paid for each ordinary share is the higher an amount equal to 105% of the average of the middle market quotations for an ordinary share as derived from the London Stock Exchange Daily Official List of the UK Listing Authority for the five business days immediately preceding the day on which the ordinary share is contracted to be purchased.

The shares purchased may either be cancelled or held as treasury shares. The authority shall expire at the conclusion of the next Annual General Meeting of the company or 15 months, whichever is earlier. As of June 6, 2022, the company had 134,323,293 ordinary shares in issue.