Statement re Dividend Investment Scheme

RNS Number : 7643J

Maven Income and Growth VCT 5 PLC

28 April 2022

 

Maven Income and Growth VCT 5 PLC

Unaudited Net Asset Value (NAV) - Dividend Investment Scheme (DIS)

The Board of Maven Income and Growth VCT 5 PLC (the Company) has announced previously that the unaudited NAV per share of the Company as at 28 February 2022 was 37.88 p and that a final dividend in respect of the year ended 30 November 2021, of 1.00 p per share,   would be paid on 4 May 2022, to Shareholders on the register at close of business on 1 April 2022 . Furthermore, in respect of Shareholders who had, by no later than 19 April 2022 , elected to participate in the DIS, the Company will use the amount paid in respect of the above final dividend to subscribe for new ordinary shares of 10p each in the Company (Ordinary Shares) to be issued at a price equivalent to the latest announced NAV per share.

The Board confirms that, following the payment of the above final dividend, the effective NAV per share of the Company is 36.88p. This will be the price used in the calculation of the number of Ordinary Shares to be allotted under the DIS in respect of the final dividend, the issue of which will be confirmed in a separate announcement in due course.

Issued on behalf of the Board

Maven Capital Partners UK LLP

Secretary

28 April 2022

 

END

 

 

STRBUGDSUXDDGDI