Dividend Declaration

RNS Number : 4845O

Maven Income and Growth VCT 3 PLC

17 May 2018

 

Maven Income and Growth VCT 3 PLC (the Company)

Declaration of Second Interim Dividend

The Directors of Maven Income and Growth VCT 3 PLC are pleased to announce that, following a number of profitable realisations and to ensure that the Company continues to comply with the VCT regulations at all times, they consider it appropriate to declare a second interim dividend in respect of the year ending 30 November 2018. It is confirmed that a payment of 5.25p per Ordinary Share will be made on 22 June 2018 to Shareholders on the register at close of business on 25 May 2018.

As highlighted by the Board in the Annual Report for the year ended 30 November 2017, decisions on future distributions will take into consideration the availability of surplus revenue, the adequacy of reserves, the proceeds from any further realisations and the VCT qualifying levels of the portfolio, all of which are kept under close review by the Board and the Manager.

Dividend Investment Scheme (DIS)

The Company has in place a DIS through which Shareholders may elect to have their dividend payments used to apply for new Ordinary Shares issued by the Company under the standing authority requested from Shareholders at Annual General Meetings. Shares issued under the DIS should qualify for VCT tax reliefs applicable for the tax year in which they are allotted. Terms & conditions of the scheme, together with a mandate form, are available from the Company's website at: www.mavencp.com/migvct3.

Shareholders who have not previously applied to participate in the DIS and who wish to do so in respect of the dividend payable on 22 June 2018, should ensure that a mandate form, or CREST instruction if appropriate, is submitted prior to the dividend election date of 11 June 2018.

Issued on behalf of the Board

Maven Capital Partners UK LLP

Company Secretary

17 May 2018

 

END

 

 

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