Important Information
This is an advertisement and not a prospectus, in respect of offers which have now closed. An investment in shares in the Offers referred to on this web page could 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. An applicant under the Offers was expected to read the Prospectus Documents in full (see below) before applying, and in particular to read the ‘Risk factors’ and ‘Terms and Conditions of Application’.
About the Offer
The Offers by Maven VCT 1 and Maven VCT 5, which were each seeking to raise £20m, have each closed, fully subscribed. Each Offer provided investors with an opportunity to subscribe for New Shares in an established VCT. 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.
Key Information
Maximum Offer Size: £40m
Amount Raised: £40m
Offer Closed: March 2019
The Maven VCT 1 and VCT 5 Offers closed in March 2019 after raising the full £20m each.
Performance
Maven VCT 1 |
Maven VCT 5 |
|
Tax-free yield* |
12.82% | 7.40% |
Yield including benefit of 30% tax relief** |
18.31% | 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.
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 were issued around 20 March. A further 2018/19 allotment by VCT 5 took place on 3 April, shortly before the tax year end, for which share and tax certificates will be issued around 17 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