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.

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Financial highlights

As at 31 August 2024

£65.41m

Net Asset Value

40.71p*

NAV per Ordinary Share

148.27p

NAV Total Return per Ordinary Share

107.56p

Dividends paid to date per Ordinary Share

120

Unlisted and quoted investments

8.88%**

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).

Key information

Ordinary Shares in Issue

(total voting rights)

159,169,681 (at 17 October 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.

Registered Office

6th Floor, Saddlers House, 44 Gutter Lane, London, EC2V 6BR
Company No. 03908220

Latest/Announced AGM

11 July 2024

Next Continuation Vote

2030

Live Share Price

To view Share Price and LSE announcements please click here.

Data Protection Policy

View it here.

Download the Maven VCT investor magazine

NEW: Issue 28

We are delighted to share the latest edition of Maven's VCT investor magazine, Creating Value. It features new investments by the Maven VCTs, as well as news and insights from across the portfolio.

Click here to download

Newsletter 3D-1

Performance

NAV Total Return per share

Dividends

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 (per share) Paid or Declared 108.71

Year Ended February
Payment Date
Interim/final
Rate (p)
2025

              29 November 2024                       (to Shareholders on the Register as at 1 November 2024)  

 

Interim
1.15
2024

 

19 July 2024 

 

Final
1.15
 

 

1 December 2023

 

Interim
1.00
2023

14 July 2023

Final
1.15
 

2 December 2022

Interim
1.10
2022
15 July 2022 Final
 1.25
  
 3 December 2021 Interim
 1.00
2021
16 July 2021 Final
1.00
  20 November 2020 Interim
1.00
2020
31 July 2020 Final
2.00
  22 November 2019 Interim
2.00
2019
22 June 2018 Second Interim
5.10
  13 April 2018 First Interim
7.45
2001 - 2018
   
82.36

 

Portfolio

Top 10 Investments

Shareholder Documents

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.

MIG Current Reports and Accounts

MIG Current Circulars, KIDS and Fund Factsheets

MIG Dividend Investment Scheme

Board of Directors

John Pocock

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 DiffusionData (formerly Push Technology Limited and a current portfolio company) and is a former non-executive director of Electric & General Investment Trust PLC. John is also a director of Synergie Global Limited and Lightsong Media Group Limited.

Dr Alison Fielding

Independent Director

Alison is an experienced entrepreneur and non-executive director, with significant expertise in strategy development and implementation for both large and small organisations, having worked as a strategy consultant at McKinsey & Company and been COO at IP Group PLC.  She is currently a non-executive director and chair of the remuneration committee at Nanoco Group PLC, and is also a non-executive director of Thomas Swan & Co. Limited. 

Dr Andrew Harrington

Independent Director

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 M&A.

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.

Shareholder Enquiries

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.

email: mavencp@city.uk.com

The City Partnership
The Mending Rooms
Park Valley Mills
Meltham Road
Huddersfield, HD4 7BH

Online Portal

Accessing your Shareholding information online
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You can register with City’s online Investor Hub to view your shareholding, including indicative valuation, share certificate details, dividend histories, and changes to personal details and communications preferences. To ‘Register’ and create your account you need to enter your Investor Access Token (found on your welcome email or letter from City, any share certificate issued after October 2021 or contact City for a token), and then simply ‘Login’ each time using the email address and password you provided on registration. If you have shareholdings in multiple Maven VCTs, once you have added your first Access Token you can use the ‘Register Access’ option to add any other Access Tokens you may have for your other Maven shareholdings, which will allow you to view all your shareholdings under the one login.  

Financial intermediaries – can also register on the hub to view clients’ shareholding details (provided that a letter of authority has been given by the shareholder, or permission granted via a VCT application form). An intermediary with multiple clients in the Maven VCTs can view them through a single Hub login. Please contact City with any questions about registering for the hub, or to receive City’s ‘Guide for intermediaries’.

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