Statement re DIS

RNS Number : 6190R

Maven Income and Growth VCT 3 PLC

15 June 2018

 

Maven Income and Growth VCT 3 PLC

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

The Board of Maven Income and Growth VCT 3 PLC (the Company) has announced previously that the NAV per share of the Company as at 28 February 2018 was 72.29p and that, in respect of the year ending 30 November 2018, first and second interim dividends of 5.70p and 5.25p per share would be paid on 13 April 2018 and 22 June 2018 to Shareholders on the register at close of business on 16 March 2018 and 25 May 2018 respectively. Furthermore, in respect of Shareholders who had, by no later than 11 June 2018, elected to participate in the DIS, the Company will use the amount paid in respect of the second interim 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 dividends, the effective NAV per share of the Company is 61.34p and that 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 second interim 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

15 June 2018

 

END

 

 

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