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Maven Renovar VCT PLC shareholders, at a General Meeting held on 20 May 2026, passed a special resolution to make market purchases of up to 12% of the Company's issued share capital via a Tender Offer. The resolution received 13,281,532 votes (95.29%) in favour and 656,711 votes (4.71%) against, representing 9.94% of the 140,227,975 shares in issue as of the 18 May 2026 voting record time. The Tender Offer has a record date of 21 May 2026, with results anticipated on 26 May 2026 and tender proceeds to be paid by 3 June 2026.
| Date | 20 May 2026 |
| Time | 15:25:08 |
| Category | AGMs and other meetings |
| ID | 1481F |
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED. ON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN. THIS ANNOUNCEMENT HAS BEEN AUTHORISED FOR RELEASE BY THE COMPANY'S BOARD OF DIRECTORS.
For immediate release
20 May 2026
Maven Renovar VCT PLC
Legal Entity Identifier: 213800HAEDBBK9RWCD25
Result of General Meeting
The Board of Maven Renovar VCT PLC (the "Company") is pleased to announce that, at the General Meeting of the Company held today, the special resolution relating to the proposed Tender Offer for up to 12 per cent. of the issued share capital (the "ISC") of the Company was duly passed by Shareholders.
Details of the number of votes cast for, against and withheld in respect of the special resolution, which was held on a poll, are set out below and will also be published on the Company's webpage at https://www.mavencp.com/renovarvct.
|
SPECIAL RESOLUTION |
VOTES FOR (INCLUDING DISCRETIONARY) |
% |
VOTES AGAINST |
% |
VOTES TOTAL |
% OF ISC REPRESENTED BY TOTAL VOTES CAST(1) |
VOTES WITHHELD(2)
|
|
To make market purchases of the Company's issued Shares pursuant to the Tender Offer. |
13,281,532 |
95.29
|
656,711
|
4.71
|
13,938,243
|
9.94 |
40,759 |
(1) The number of Shares in issue as at the voting record time of 6.00 p.m. on 18 May 2026 (the "Voting Record Time") was 140,227,975. The Company holds no Shares in treasury. Therefore, the total voting rights in the Company as at the Voting Record Time were 140,227,975 votes (representing 140,227,975 Shares, carrying one vote per Share held).
(2) A "vote withheld" is not a vote in law and has not been counted as a vote "for" or "against" the special resolution.
The full text of the special resolution passed at the General Meeting can be found in the Notice of General Meeting contained in the circular published by the Company on 27 April 2026 (the "Circular"). The Circular is available for viewing on the National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism and on the Company's webpage at https://www.mavencp.com/renovarvct.
A reminder of the expected timetable for completion of the Tender Offer is set out below.
|
Latest time and date for receipt of Tender Forms and submission of TTE Instructions from Shareholders |
1.00 p.m. on 21 May 2026 |
|
Record Date for the Tender Offer |
6.00 p.m. on 21 May 2026 |
|
Calculation Date for the Tender Offer |
5:00 p.m. on 22 May 2026 |
|
Results of Tender Offer elections and Tender Price announced |
26 May 2026 |
|
Tender proceeds to be paid to both certificated Shareholders and CREST members by bank transfer |
By 3 June 2026 |
|
CREST accounts credited for revised uncertificated shareholdings of Shares (or, in the case of unsuccessful tenders, for entire holdings of Shares) |
By 3 June 2026 |
|
Balancing share certificates despatched to certificated Shareholders |
By 3 June 2026 |
*All references are to London time unless otherwise stated. Any changes will be notified via an RIS.
Capitalised terms used in this announcement shall have the meanings ascribed to them in the Circular, unless the context otherwise requires.
Enquiries
For further information please contact:
Maven Capital Partners UK LLP, Company Secretary
Tel: 0141 306 7400
Email: [email protected]
Fiona Wollocombe, Chair
Maven Renovar VCT PLC
Email: [email protected]