Statement re Dividend Investment Scheme

RNS Number : 9243W

Maven Income and Growth VCT 3 PLC

24 August 2015

 

Maven Income and Growth VCT 3 PLC (the Company)

Suspension of Dividend Investment Scheme (DIS)

Under the Terms and Conditions of the Company's DIS, which allow the Directors to suspend or terminate its operation without prior notice and revert to making monetary payments to all Participants, the Board has resolved that, in light of the investment restrictions proposed in the Government's Summer 2015 Budget, the DIS will be suspended with immediate effect. This will allow the Directors and the Manager to review the final changes to the VCT legislation and to consider the full potential impact of these on the Company's future investment strategy.

As a result, the interim dividend payable on 28 August 2015, and all subsequent dividends until further notice, will be paid to Shareholders by either cheque or direct bank transfer using existing mandate instructions. Written confirmation of this suspension in the operation of the DIS will be issued to those Shareholders who have elected to participate.

Issued on behalf of the Board

Maven Capital Partners UK LLP

Secretary

24 August 2015

 

END

 

 

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