Application Enquiries and Allotments
For an enquiry about an application already submitted, you should contact the Receiving Agent (Link Asset Services) at email@example.com 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).
Each VCT has allotted shares in respect of successful 2019/2020 tax year applications, on 5 February 2020 for Maven VCT 3, and on 11 February 2020 for Maven VCT 4.
In respect of 2020/2021 tax year applications, the original intention was that an allotment would take place by each VCT as soon as practicable after 6 April 2020. However, in view of the current COVID-19 outbreak and uncertainty around its potential impact on the trading performance of underlying portfolio companies, the Boards of both VCTs intend to delay the allotment date to no earlier than 30 April 2020. This will allow the Board and the Manager time to review the portfolio to ensure that the issue price reflects the valuation of the underlying portfolio.
A combined tax and share certificate (or a standalone tax voucher for Offer Shares credited to CREST accounts) will be issued by Link, together with a summary of allotment details, within ten Business Days following an allotment. Therefore, Shareholders should expect to receive certificates within 14 Business Days following an allotment.