VCT Top-up Offer now open

Important Information

This is an advertisement and not a prospectus, in respect of these Offers by Maven VCT 3 and Maven VCT 4. An investment in shares in the Offers referred to on this web page could be made only after reading, and solely on the basis of information set out in, the Prospectus issued on 13 November 2019 (comprising the Securities Note, Registration Document and Summary below), including the ‘Risk factors’ and ‘Terms & Conditions of Application’. Offer costs and VCT ongoing charges are detailed within the Securities Note. The past performance of a VCT is not a guide to future performance. No projection or forecast should be inferred from information on this page.

The Maven VCTs back some of the UK's most ambitious smaller companies.

Proven track record
Maven is one of the UK’s most active VCT investors, with 32 new private equity investments completed since April 2016. Our team has considerable expertise, built up over two decades, in backing private and AIM quoted companies. 

History of delivering profitable exits
We have a track record of working closely with management teams in entrepreneurial businesses to help drive growth and create shareholder value. Since January 2015 we have achieved 14 realisations* of private company investments, delivering total returns of up to 7.1x original cost*.

Creating shareholder value
Over the past five full financial years Maven VCT 3 and Maven VCT 4 have paid average annual dividends of 8.5p** and 8.3p** per share respectively, though it should be noted that the quantum and timing of dividend payments is likely to be less predictable in future, and more closely linked to portfolio realisations to ensure ongoing compliance with the VCT rules.

Investor tax reliefs
Investment in a VCT offers a number of tax incentives on subscriptions of up to £200,000 by qualifying investors in each tax year:

• Initial tax relief of up to 30%*** of the amount invested
• Tax-free dividends
• Exemption from capital gains tax on the disposal of VCT shares.

*Historical data regarding realisations should not be taken as any indication or forecast of likely future realisation activity or investor returns.

**The historical level of distributions should not be taken as any indication or forecast of likely future dividend levels, and the payment of dividends is not guaranteed.

***Please note that new VCT shares should be held for a minimum of five years in order to retain the upfront income tax relief.

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, calls within the UK charged at the standard geographic rate which may vary by provider).

Allotments and certificates - there will be a series of share allotments under each Offer, covering the 2019/20 and 2020/21 tax years, and the allotment dates will be determined at the discretion of the Directors. It is intended that an initial allotment of Offer Shares will be made by each Company prior to 31 January 2020. A combined tax and share certificate (or a standalone tax voucher for Offer Shares credited to CREST accounts) will be issued to each Shareholder by Link, together with a summary of allotment details, within ten Business Days of an allotment.