Maven Income and Growth VCT 4 PLC (formerly Aberdeen Growth Opportunities VCT 2 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
2.65p - 30 May 2014 (proposed)
2.00p - 27 September 2013
NAV Total Return Performance
NAV 96.3p (as at 31 December 2013)
NAV Total Return 2005* 95p
NAV Total Return 2013 125.60p
C Ordinary Share
NAV 101.01p (as at 31 December 2013)
Former S Ordinary Share
NAV Total Return 2007 95p
NAV Total Return 2013 129.32p
Price and Yield Information
Ordinary Share: View Current Prices
Yield on Cost: 7.75% (tax-free on a net purchase price of 60p)
Gross Yield†: 10.34%
C Ordinary Share: View Current Prices
*On shares acquired as new-issue shares in current offer for subscription, after initial tax relief available
†The yield a higher rate taxpayer would need to achieve on a taxable UK equity portfolio to match the yield on cost
Date of Launch: 26 August 2004
Ordinary Shares in Issue: 27,875,506 (as at 5 April 2014)
C Ordinary Shares in Issue: 3,863,876 (as at 30 September 2013)
Voting rights: 31,739,382 (as at 5 April 2014)
Date of Continuation Vote: 2020
Maven Income and Growth VCT 4 PLC has two classes of share, Ordinary and C Ordinary Shares. 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 4 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 has a dedicated VCT shareholder helpline which you can call on 0871 664 0324 or email email@example.com. Calls cost 10p per minute plus network extras and lines are open from 0900 until 1730, Monday to Friday.
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.