Maven Income and Growth VCT PLC
Maven Income and Growth VCT PLC is a generalist VCT aiming to achieve long-term capital appreciation and generate income for Shareholders by investing in ambitious UK smaller companies with growth potential.
As at 31 May 2022
Net Asset Value
NAV per Ordinary Share
NAV Total Return per Ordinary Share
Dividends paid to date per Ordinary Share
Unlisted and quoted investments
Tax free yield
*The NAV per share shown above will be reduced by the payment of any subsequent dividends (see table below).
**Based on average dividends paid or declared in respect of the 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).
Ordinary Shares in Issue
(total voting rights) 134,472,165 (at 5 August 2022)
Launched - 1 February 2000.
Maven Income and Growth VCT PLC was formerly known as Murray VCT 4 and Aberdeen Income and Growth VCT PLC.
Fifth Floor, 1-2 Royal Exchange Buildings, London, EC3V 3LF
7 July 2022
Next Continuation Vote
Live Share Price
NAV Total Return per share
Decisions on distributions take into consideration the availability of surplus revenue, the realisation of capital gains, the adequacy of distributable reserves and the VCT qualifying level, all of which are kept under close and regular review by the Board and the Manager. As the portfolio continues to expand and a greater proportion of holdings are invested in young companies, future distributions will be more closely linked to realisation activity, whilst also reflecting the Company’s requirement to maintain its VCT qualifying level. If larger distributions are required as a consequence of exits, this could result in a corresponding reduction in NAV per share.
Total Dividends Paid or Declared 103.16
Year Ended November
|15 July 2022||Final||
||3 December 2021||Interim||
|16 July 2021||Final||
|20 November 2020||Interim||
|31 July 2020||Final||
|22 November 2019||Interim||
|22 June 2018||Second Interim||
|13 April 2018||First Interim||
|30 November 2017||Second Interim||
|14 July 2017||Interim||
|26 May 2017||Interim||
|25 November 2016||Interim||
2001 - 2016
Top 10 Investments
1. Delio Limited
Designer and builder of digital private asset
infrastructures for global financial institutions
Cost £782,000 | Valuation £1,588,000
% of net asset by value 2.7
2. Martel Instruments Holdings Limited
Manufacturer of custom-built compact printer and display units
Cost £807,000 | Valuation £1,538,000
% of net asset by value 2.6
3. Relative Insight Limited
Linguistic analysis software platform
Cost £700,000 | Valuation £1,505,000
% of net asset by value 2.6
4. Horizon Ceremonies Limited (trading as Horizon Cremation)
Developer, operator and owner of purpose built crematoria across the UK
Cost £788,000 | Valuation £1,184,000
% of net asset by value 2.0
5. CatTech International Limited
Specialist industrial services business focusing on the extraction and replacement of catalysts at oil refineries and petro-chemical plants
Cost £627,000 | Valuation £1,077,000
% of net asset by value 1.8
6. Vodat Communications Group (VCG) Holding Limited
Provider of managed IT network and communications solutions to business customers
Cost £567,000 | Valuation £1,024,000
% of net asset by value 1.7
7. Rockar 2016 Limited
(trading as Rockar)
Developer of a disruptive digital car-buying
Cost £905,000 | Valuation £997,000
% of net asset by value 1.7
8. Bright Network (UK) Limited
Developer of a media technology platform
Cost £940,000 | Valuation £971,000
% of net asset by value 1.6
9. Kanabo GP Limited
Subsidiary of a Main Market listed pan-European medical cannabis company
Cost £1,639,000 | Valuation £892,000
% of net asset by value 1.5
10. CB Technology Group Limited
Established contract electronics manufacturer
Cost £579,000 | Valuation £843,000
% of net asset by value 1.4
Maven and the VCTs are committed to reducing the environmental impact of printing substantial documents. If you currently receive hard copy Annual and Interim Reports, and would prefer to receive email or postal notifications of their website publication, you should advise the Registrar, The City Partnership, using the contact details below.
Board of Directors
Chairman and Independent Director
John has extensive experience in the information technology and financial sectors and was formerly a director and chief executive of Druid Group plc, a FTSE 250 company that was acquired by Xansa plc in March 2000. He is currently executive chairman of Push Technology Limited and is
a former non-executive director of Electric & General Investment Trust PLC. John is also the founder of Young British Entrepreneur Limited and a director of Synergie Global Limited and Lightsong Media Group Limited.
Dr Alison Fielding
Alison is an experienced entrepreneur and non-executive director, with significant expertise in strategy development and implementation for both large and small organisations. She is currently a non-executive director and chair of the remuneration committee at both Zotefoams PLC and Nanoco Group PLC. Alison is also a non-executive director of Thomas Swan & Co. Limited, and serves as a Trustee at the Carnegie Trust for the Universities of Scotland.
Dr Andrew Harrington
Andrew is co-owner of AHV Associates LLP, a boutique investment bank formed in 2001, and works alongside management teams and shareholders across many sectors to advise on transactions such as the purchase or sale of companies and capital raising. He was previously founder and chief executive of Nextcall Telecom, a business backed by venture and private investor capital, before which he was managing director at Salomon Brothers, where he advised on investment, initial public offerings, secondary public market offerings and mergers & acquisitions.
Arthur is a qualified chartered accountant and, for over ten years to December 2005, was chief executive of Clyde Marine plc. Prior to that, he was a corporate financier with West Merchant Bank and Samuel Montagu & Co Limited in London. He is also an investor in, and an adviser to, a number of smaller businesses.
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.
For enquiries about your shareholding please contact the registrar The City Partnership:
Call: 01484 240 910
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.
The City Partnership
The Mending Rooms
Park Valley Mills
Huddersfield, HD4 7BH
Accessing your Shareholding information online
You can register with City’s online Investor Hub to view your shareholding, including indicative valuation, share certificate details and dividends, as well as changing your personal details and selecting how to receive Shareholder communications. To ‘Register’ a shareholding and create your account you will need to enter your Investor Access Token (found on your welcome email or letter from City, or contact City if you don’t have a token). Once you are registered, simply ‘Login’ each time using the email address and password you provided on registration. If you have shareholdings in multiple Maven VCTs, you will initially need to register each VCT holding as above - however, once you set up a Hub account for one Maven VCT, you can use the ‘Register Access’ option to view all of your Maven VCT shareholdings together.