Maven Income and Growth VCT 

Maven Income and Growth VCT PLC is a generalist VCT aiming to achieve long term capital appreciation and generate maintainable levels of income for shareholders.

NAV Total Return per share

MIG Total NAV

Shareholder enquiries & Registrar

For Shareholding enquiries you can contact the Registrar, Link Asset Services, on vcts@linkgroup.co.uk, or via Link’s shareholding portal at www.signalshares.com which enables you to easily access your shareholding and maintain address details online, as well as being able to change the way Link communicates with you and specify how you wish to receive dividends. All instructions to amend the share register should be given via the Share Portal or in writing to Link Assets Services, The Registry, 34 Beckenham Road, Beckenham, BR3 4TU.

Link also operates a dedicated non-premium rate VCT shareholder helpline on behalf of the Maven VCTs, on 0333 300 1566. Lines are open 0900 to 1730, Monday to Friday (excluding public holidays in England and Wales). Calls are charged at the standard geographic rate and will vary by provider. Calls from outside the UK will be charged at the applicable international rate. Please note that the helpline cannot provide any financial, legal, investment or tax advice.‎ 

Caution: Unsolicited offers for shares

Some shareholders have received unsolicited calls from organisations offering to buy their VCT shares at prices much higher than current market values, or to sell non-tradable, overpriced, high risk or even non-existent securities. Whilst the callers may sound credible, shareholders should be aware that their intentions are often fraudulent. If you receive such a call, you should exercise caution and take note of the advice available from the ACTION FRAUD website as well as consulting the Financial Conduct Authority (FCA) website (which contains valuable information on how to avoid investment and pension scams).

Recommendations of non-mainstream investment products

The Company currently conducts its affairs so that the shares issued by it can be recommended by independent financial advisers to ordinary retail investors in accordance with the FCA’s rules in relation to non-mainstream investment products and intends to continue to do so for the foreseeable future. The Company’s shares are excluded from the FCA’s restrictions which apply to non-mainstream investment products because they are shares in a venture capital trust and the returns to investors are predominantly based on investments in private companies or publicly quoted securities.

Dividends


Latest paid/declared 
5.10p
- 22 June 2018

See below for dividend history.

NAV Total Return Performance

NAV (at 31 May 2019)*
47.90p
NAV Total Return 2004**
84.10p
NAV Total Return 2019
142.81p 
Increase in Total Return
69.81%

*The NAV per share shown above will be reduced by the payment of any subsequent dividends (see table below)
**As at the reporting date closest to when the current fund manager was appointed.

Price and Yield Information

View Share Price and LSE Announcements
Tax-free Yield† 
21.54%

†Based on average dividends paid in past five full financial years (including any exceptional payments) and current NAV, for an assumed investment in new shares benefitting from the current 30% initial tax relief available on investment in new VCT shares (ignoring any initial offer costs).

Key Data


Ordinary Shares in Issue 
(total voting rights)
93,130,085 (at 31 July 2019)
Latest/Announced AGM
4 July 2019 (London)
Next Continuation Vote 
2024
History
Launched - 1 February 2000.
Maven Income and Growth VCT PLC was formerly known as Murray VCT 4 and Aberdeen Income and Growth VCT PLC.

Investment Portfolio (as at 28 February 2019)

Valuation by deal type
Mig vct ar 2019 deal type graph (march 2019) web 01 graph
Valuation by industry group
Mig vct ar 2019 industry sector graph (march 2019) web 01 graph
Top 10 Investments (excluding acquisition vehicles)

Top Ten Investments

6,436

10,639

Total Investments

23,388

22,578

Total Number of Investments

61

Net Asset Value

25,250

Cost £'000 Valuation £'000

ELE Advanced Technologies
Manufacturer of precision components for jet engines and gas turbines

192 1,629

GEV Holdings
Diversified energy services group primarily servicing the renewable industry

728 1,489

Martel Instruments Holdings
Manufacturer of compact, handheld printers and display devices

1,234 1,104

Vodat Communications Group
Provider of managed IT network and communications solutions to business customers

567 1,024

CatTech International
Specialist industrial services business focusing on the extraction and replacement of catalysts

627  982

JT Holdings (trading as Just Trays)
Manufacturer of shower trays and related accessories

522 942

Ensco 969 (trading as DPP)
Provides planned and reactive mechanical and electrical maintenance

733 885

Maven Co-invest Endeavour Partnership (invested in Global Risk Partners)
Investment vehicle undertaking a buy and build in the specialty insurance sector

436 871

Rockar 2016 (trading as Rockar)
Innovative, technology-lead motor retailer

551 867

HCS Control Systems Group
Specialises in the design, manufacture, assembly and test of subsea control systems

846 846

Dividend History

The dividend history shown should not be taken as an indication of future dividends, which will be subject to a number of factors, including investment performance, surplus revenue, profitable realisations, VCT qualifying levels and the availability of cash and distributable reserves. Revisions to the VCT regulations in 2015 resulted in a change of investment focus toward earlier stage businesses, which typically provide lower levels of investment income and take longer to mature. It is anticipated that future distributions will be more closely linked to the proceeds of realisations and, therefore, will become less predictable in terms of both quantum and timing. More information is provided within the Annual and Interim Reports.

Total Dividend Paid or Declared 94.91
Year Ended February Payment Date Interim/Final Rate (p)
2019 22 June 2018 Second Interim 5.10
13 April 2018 First Interim 7.45
2018 30 November 2017 Second Interim 2.70
14 July 2017 Interim 2.96
2017 26 May 2017 Interim 3.60
25 November 2016 Interim 2.40
2016 15 July 2016 Final 1.20
27 May 2016 Interim 2.40
27 November 2015 Interim 2.40
2015 17 July 2015 Final 3.50
5 December 2014 Interim 2.40
2001-2014 58.80

Shareholder Documents

Shareholder documents, are available for download here. Maven and the VCTs are committed to reducing the environmental impact of printing and posting substantial documents. If you currently receive hard copy Annual and Interim Reports, and would prefer to receive postal notifications of their website publication, or would like to switch from postal to email notifications of publication, you should advise the Registrar, Link Asset Services, using the registrar details above.

MIG Current Reports and Accounts

MIG Current Circulars and KIDs

MIG Dividend Investment Scheme

For enquiries about your shareholding please call the registrar Link Market Services on 0333 300 1566, or email vcts@linkgroup.co.uk. You can also access Link’s share portal here:
Contact Link