Ready to invest?
Applying by Post
Please send the Application Form (also included in the Securities Note), and cheque to:
Link Asset Services
Corporate Actions
The Registry
34 Beckenham Road
Beckenham
BR3 4TU
Applying Online
Submit an online application, including payment by UK debit card, for subscriptions up to £99,500. Click below to invest:
Important Information
This is an advertisement and not a prospectus. An investment in shares in the Offers referred to on this web page should be made solely on the basis of information set out in the Prospectus issued on 26 September 2018 by Maven VCT 1 and Maven VCT 5. Before applying under the Offers you should read the Prospectus Documents in full (see below) and in particular should read the ‘Risk factors’ and ‘Terms and Conditions of Application’.
About the Offer
The Offer by Maven VCT 5, which is currently seeking to raise £20m, provides investors with an opportunity to subscribe for New Shares in an established VCT which has not raised new funds during the past three years. Investors can subscribe for one or both of the 2018/19 and 2019/20 tax years. The additional funds will allow both to make further new and follow-on investments in fast growing private companies, at a time when Maven’s nationwide team is generating a strong pipeline of new transactions across its office network.
The Maven VCT 1 Offer has already closed, fully subscribed.
Key Information
Maximum Offer Size: VCT 5 - £20m*
Amount Raised: £19m
Minimum Subscription: £5,000
Offer Closes:
Tax year 2018/19 – 3 April 2019
Tax year 2019/20 – 26 April 2019
*the Maven VCT 1 Offer has already closed after raising the full £20m.
Why invest?
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.
The VCT has delivered increasing shareholder returns and regular dividend payments, delivering increases in each of the six full financial years since Maven was appointed as manager.
Performance
Maven VCT 5 |
|
Tax-free yield* |
7.40% |
Yield including benefit of 30% tax relief** |
10.57% |
*This is historical information, and should not be taken as any indication or forecast of future dividend levels. The yields are based on the average dividends paid over the past five full financial years and the most recently published NAV per share for the VCTs (at July 2018). **Yields including tax relief assume that the investor benefits from initial tax relief of up to 30% as is currently available on investment in on newly issued VCT shares. For further information about performance please see the Securities Note for the Offer or Annual Reports for the VCTs.
How to apply
By Post
Please send the Application Form (also included in the Securities Note), together with your cheque, and source of funds (if applicable) to:
Link Asset Services
Corporate Actions
The Registry
34 Beckenham Road
Beckenham
BR3 4TU
Online
Investors can submit an online application, including payment by UK debit card for subscriptions up to £99,500. Click below to visit the application portal:
Application enquires and allotments
Enquiries - for an enquiry about an application already submitted, you should contact the Receiving Agent (Link Asset Services) at vcts@linkgroup.co.uk or using the non-premium rate 0333 300 1566 helpline (9 am - 5.30 pm Mon-Fri, excl. public holidays in England and Wales, calls within the UK charged at the standard geographic rate which may vary by provider).
Allotments and certificates - see the Securities Note for more information. Allotments took place on 6 March 2019 for 2018/19 subscriptions in both VCTs, for which share and tax certificates will be issued around 20 March. A further 2018/19 allotment by VCT 5 will take place shortly before the tax year end, for which share and tax certificates will be issued around 19 April. Allotments in both VCTs for 2019/20 subscriptions will take place shortly after 26 April 2019, or earlier if both offers are fully subscribed before that date.
If you have any questions about the VCT Offer, call Maven on 0141 306 7400 or get in touch by email.
Email us