Statement re NAV & Proposed Dividend Declaration

RNS Number : 3778M

Maven Income & Growth VCT PLC

06 May 2015

 

Maven Income and Growth VCT PLC

Net Asset Value and Proposed Final Dividend

The Directors of Maven Income and Growth VCT PLC (the Company) confirm that the unaudited net asset value of the Company as at 28 February 2015 was 67.50p per Ordinary Share.

The Directors propose that a final dividend of 3.50p per Ordinary Share (comprising 0.7p revenue and 2.8p capital), in respect of the year ending 28 February 2015, be paid on 17 July 2015 to Shareholders on the register at close of business on 19 June 2015. This will bring the total dividend for the year to 5.9p per Ordinary Share (2014: 5.7p).

The Directors have agreed to implement a Dividend Investment Scheme (DIS) through which Shareholders may elect to have their dividend payments used to apply for additional Ordinary Shares issued by the Company under the standing authority requested from Shareholders at Annual General Meetings. Shares issued under the DIS will qualify for VCT tax reliefs applicable for the tax year in which the new shares are allotted.

Full details of the scheme, together with a mandate form, are being made available alongside the Annual Report to enable Shareholders to take advantage of the DIS in respect of the final dividend for the year ended 28 February 2015.Shareholders wishing to do so should ensure that a mandate form, or CREST instruction if appropriate, is submitted by no later than the election date of 3 July 2015. 

In accordance with Listing Rule 15.5.1, and further to the information disclosed above, the Directors confirm that they are satisfied that all inside information (as defined by Section 118C of the Financial Services and Markets Act 2000) that the Directors and the Company may have in their possession relating to the Company during the period leading up to the announcement of its annual results for the year ended 28 February 2015 has been notified to a regulatory information service.

Issued on behalf of the Board

Maven Capital Partners UK LLP

Secretary

6 May 2015

 

END

 

 

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