Maven Income and Growth VCT 3 PLC (formerly Aberdeen Growth Opportunities VCT PLC) aims to achieve long term capital appreciation and generate maintainable levels of income for shareholders.
Dividends (paid or declared in the past 12 months)
Per Ordinary Share
2.0p - 29 August 2014
3.50p - 5 June 2015
The Company introduced a Dividend Investment Scheme (DIS). A mandate form and Terms & Conditions are available here.
NAV Total Return Performance
NAV 86.73p (as at 28 February 2015)
NAV Total Return 2004 96p
NAV Total Return 2014 128.43p
Former C Ordinary Share**
NAV Total Return 2006* 95p
NAV Total Return 2014** 139.20p
*New Issue (based on initial net asset value after launch costs)
**Re-stated to reflect conversion to Ordinary Shares.
Price and Yield Information
Ordinary Share: View Current Prices
Yield on cost: 6.88% tax free on a net purchase price* of 80p (based on dividends shown)
Gross Yield†: 9.17%
C Ordinary Share
On 28 February 2009 each C Share converted to 1.185 ordinary shares. Prior to conversion, holders of C ordinary shares had received dividends of 4.2p. The cost of investment per C ordinary share, taking account of initial tax relief, was 60p per share.
Date of Launch: 27 September 2001
Ordinary Shares in Issue: 41,304,936 (as at 27 May 2015)
Date of Continuation Vote: 2020
Maven Income and Growth VCT 3 has one class of share. Each share carries a single voting right.
Unsolicited Offers For Shares
Some shareholders have received unsolicited calls from organisations offering to buy their VCT shares at prices much higher than current market values. Whilst the callers sound credible, shareholders should be aware that their intentions are often fraudulent. If you receive such a call, you should exercise caution and take note of the advice available from the Financial Conduct Authority (FCA) website.
Stock Exchange Announcements
You can access the latest London Stock Exchange announcements for Maven Income and Growth VCT 3 PLC here.
This service enables you to easily access and maintain your shareholding online, including changes of address.
Register or log in on the Capita Website
All instructions to amend the share register should be given via the Shareholder Portal or in writing to Capita Asset Services, The Registry, 34 Beckenham Road, Beckenham, Kent, BR3 4TU.
Capita also operates a dedicated non-premium rate VCT shareholder helpline on behalf of the Maven VCTs, on 0333 300 1566. Lines are open between 0900 and 1730, Monday to Friday (excluding public holidays in England and Wales). Calls are charged at the standard geographic rate and will vary by provider. Calls from outside the United Kingdom will be charged at the applicable international rate. Please note that the helpline cannot provide any financial, legal, investment or tax advice.
You can also contact the Capita helpline by email on email@example.com.
Buying and selling VCT shares
VCT shares can be traded just like any other shares listed on the London Stock Exchange. Maven cannot advise on the sale or purchase of VCT shares. If you are interested in buying or selling shares in the Company, you or your adviser should contact Shore Capital Stockbrokers Limited, the Company’s appointed broker and principal market maker.
Recommendation of Non-mainstream Investment Products
The Company currently conducts its affairs so that the shares issued by it can be recommended by independent financial advisers to ordinary retail investors in accordance with the FCA’s rules in relation to non-mainstream investment products and intends to continue to do so for the foreseeable future. The Company’s shares are excluded from the FCA’s restrictions which apply to non-mainstream investment products because they are shares in a venture capital trust and the returns to investors are predominantly based on investments in private companies or publicly quoted securities.
The Company’s shares feature on a full list of excluded securities which can be found on the AIC website here.