VCT Top-up Offer

The Offers by Maven VCT 1 and Maven VCT 5 are limited to £30 million in aggregate (with an over-allotment facility for up to a further £10 million), and provide investors with an opportunity to subscribe for New Shares in two established VCTs which have not raised new funds during the past three years. Investors can subscribe for one or both VCTs in the 2018/19 and 2019/20 tax years. The additional funds will allow both to make further new and follow-on investments in ambitious, fast growing private companies, at a time when Maven’s nationwide team is generating a strong pipeline of new transactions across its office network.

An Early Investment Incentive is available on valid applications received by 12 noon on 18 December 2018, providing a discount on initial offer costs of 1.5% for Existing Shareholders (in any Maven VCT) or 1.25% for New Investors.

Since their introduction in 1995, VCTs have offered investors the opportunity to support some of the fastest growing smaller companies in the UK and share in their success. VCTs provide vital capital to these companies which helps drive growth, innovation, employment, and makes an important contribution to the British economy.

The Offers provide an opportunity to invest in established VCTs with widely diversified portfolios, and access to a manager with long-standing track record of delivering  improvements in shareholder returns. Maven has a proven investment strategy and has consistently demonstrated its ability to source, execute, and realise investments in emerging UK companies.

Both VCTs have delivered increasing shareholder returns and regular dividend payments, with Maven VCT 1 achieving increases in NAV Total Return per Share for nine consecutive years, and Maven VCT 5 delivering increases in each of the six full financial years since Maven was appointed as manager.