Statement re NAV and Offer for Subscription (Repla

RNS Number : 1848Z

Maven Income and Growth VCT 5 PLC

03 February 2014

 



Maven Income and Growth VCT 5 PLC

Net Asset Value and Offer for Subscription

The Directors of Maven Income and Growth VCT 5 PLC confirm that the unaudited net asset value of the Company as at 31 January 2014 was 40.12p per Ordinary Share. This represents an increase of 10.31% over the net asset value of 36.37p at 10 October 2013, which was used as the basis for calculating the Offer Price as set out in the Prospectus for the Offer for Subscription issued by the Company on 24 October 2013.

The rise in the net asset value over that period reflects the performance of AIM quoted securities in general and, in particular, certain investments in the Company's portfolio within the energy sector. As stated in the announcement made on 27 January 2014, the Directors recognise that the share prices of the Company's AIM quoted investments, and these investments in particular, may remain volatile. Having reviewed the valuation of the full portfolio prior to the first allotment of shares under the Offer for Subscription, due to take place on or after 3 February 2014, under the terms set out in the Prospectus the Board has resolved to amend the Offer Price to 41.58p.

Issued on behalf of the Board

Maven Capital Partners UK LLP

Secretary

3 February 2014

 

END

 

 

STRZMGGZNFZGDZM