Maven Capital Partners :: UK Private Equity firm

Maven VCT Offers

Access to four mature and high yielding VCTs

The Maven VCT Offers are now open for subscriptions for tax years 2011/12 and 2012/13

Four Maven Income and Growth VCTs are each offering a top-up investment opportunity for investors to subscribe for New Shares in established VCTs.

With subscriptions strictly limited to £1.25 million per VCT, these offers provide access to mature and highly diversified portfolios of private companies with strong yield characteristics, along with immediate entitlement to a tax-free income stream with up to eight dividends each year.

Early Investment Incentive

Investors whose applications are accepted by 12 noon on 29 February 2012, will receive additional New Shares equivalent to 1.5% of the amount invested. The Early Investment Incentive is strictly limited to valid 2011/12 applications. Please see the Maven Offers Document for full details.

Why invest in the Maven VCT Offers?

  • Access to four established and highly diversified VCTs
  • Early Investment Incentive applying until 29 February
  • Mature portfolios of established, profitable private businesses
  • Immediate entitlement to a multi-fund dividend flow, including any final dividends payable between May and July 2012
  • Regular and attractive levels of tax-free income – by the end of 2011 a qualifying investor who invested in the four VCTs in April 2010, will have received 16 separate tax-free dividend payments, in under two years
  • Full range of VCT tax benefits for qualifying investors – up to 30% initial tax relief, as well as tax-free dividends and capital gains
  • Risk mitigation through a highly selective, multi-sector and later-stage investment approach

The Offers

The funds raised will allow the four VCTs to make further later-stage private company investments, taking advantage of the high level of good quality introductions Maven is experiencing across its UK office network.

An investor will acquire New Shares in the four VCTs via a single application, subscribing 25% of their investment into each VCT. Full details of the allocation basis, including an example for a subscription of £10,000, are provided in the Offers Document which can be viewed here.

The four VCTs involved are:

Maven Income and Growth VCT PLC

Maven Income and Growth VCT 2 PLC

Maven Income and Growth VCT 3 PLC

Maven Income and Growth VCT 4 PLC

How to apply

Investors intending to subscribe for shares in the Maven VCT Offers should complete the application form contained in the Offers Document and send to Capita Registrars at the address given on the form. Alternatively forms can be obtained by contacting enquiries@mavencp.com or 0141 306 7400.

Key information

Launch Date:
December 2011
Maximum Offer Size :
£1.25 million per VCT (£5 million in aggregate)
Minimum Subscription:
£5,000
Maximum Subscription:
£200,000
(click here to find out about VCT tax benefits)
Offer close date:
Tax year 2011/12 – 5 April 2012
Tax year 2012/13 – 27 April 2012
Offer Costs:
5.5% capped

Download the Offers Document and Brochure by clicking the images below.

 

If you would like to know more about how VCTs work click here

Important Information

VCT investments carry a higher risk than many other forms of investment, so you should read the Important Information and Risk Factors sections of the Offers Document and seek independent financial advice if you have any doubt as to whether an investment in VCT shares is suitable for you.
Please note that Maven Capital Partners UK LLP is acting solely as the administrator for the Offers and cannot give any investment, legal or tax advice. This information does not constitute either a prospectus or listing particulars.

If you have any questions about the Offers please contact Steve Marshall, Sales and Marketing Manager, on 0141 306 7585 or enquiries@mavencp.com