Interim Management Statement

RNS Number : 8213C

Maven Income and Growth VCT 5 PLC

19 April 2013

 

Interim Management Statement

Maven Income and Growth VCT 5 PLC (the Company) - quarter ended 28 February 2013

This Interim Management Statement, for the quarter ended 28 February 2013, is provided in accordance with Rule 4.3 of the Disclosure and Transparency Rules of the UK Listing Authority and also includes relevant information in respect of the period from 1 March 2013 to the date of issue. This Statement has been prepared solely to provide additional information in order to meet the relevant requirements of the UK Listing Authority's Disclosure and Transparency Rules, and should not be relied on by Shareholders, or any other party, for any other purpose.

1.	Financial highlights

·      Net Asset Value (NAV)¹ of 34.09p per share at 28 February 2013, compared to 32.08p per share at 30 November 2012;

·      NAV total return² of 57.59p at 28 February 2013, compared to 55.58p at 30 November 2012; and

·      Final dividend of 1.15p per share in respect of the year ended 30 November 2012, to be paid on 24 May 2013.

¹The NAV is unaudited and reflects the closing bid price of quoted securities at 28 February 2013. Unlisted companies are normally valued on a six-monthly basis and the NAV incorporates the Directors' valuation of unlisted investments as at 30 November 2012, adjusted for subsequent events where appropriate.

²NAV total return is the sum of NAV per share and dividends paid per share since launch.

2.	Investments and disposals

During the quarter ended 28 February 2013: a total of £850,000 was invested in four private companies; aggregate proceeds of £1,365,770 were realised from the disposal of eight AIM quoted investments against a total cost of £702,634; and a net £697,738 was invested in short-dated UK government securities.

3.	Recent developments

Between 1 March 2013 and the date of this Statement: £625,200 was invested in one private company; the disposal of shares in six AIM quoted investments realised aggregate proceeds of £581,798 against cost of £304,509; and a net £1,697,979 was invested in short-dated UK government securities.

At the Annual General Meeting of the Company, held on 16 April 2013, all Resolutions put to the Meeting were passed by the requisite majority.

Other than as described above and changes in the value of investments quoted on regulated markets, the Board is not aware of any events during the period from 1 December 2012 to 28 February 2013, or in the period from 1 March 2013 to the date of this announcement, which would have had a material impact on the financial position of the Company.

Issued on behalf of the Board

Maven Capital Partners UK LLP

Secretary

19 April 2013

 

END

 

 

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