Maven Income and Growth VCT 4 PLC commences an Equity Buyback Plan for 20,523,637 shares, representing 14.99% of its issued share capital, under the authorization approved on May 11, 2023.

Maven Income and Growth VCT 4 PLC (LSE:MAV4) commences share repurchases on May 24, 2021, under the program mandated by the shareholders in the Annual General Meeting held on May 24, 2023. As per the mandate, the company is authorized to repurchase up to 20,523,637 shares, representing 14.99% of its issued share capital. The maximum price which may be paid for an ordinary share is an amount equal to 105% of the average of the closing middle market quotations for the ordinary shares taken from the London Stock Exchange Daily Official List for five business days immediately preceding the day on which that Share is contracted to be purchased.

The minimum price which may be paid for an ordinary share is 10 pence. The repurchased shares will be cancelled or held in treasury and subsequently resold. Unless previously revoked, varied or renewed, the authority will be valid till the next Annual General Meeting in 2024, or 15 months from the passing of this resolution, whichever is earlier.

As at April 11, 2023, the company had 136,915,525 shares in issue.