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.

Financial highlights

As at 31 May 2022

£60.41m

Net Asset Value

44.97p*

NAV per Ordinary Share

146.88p

NAV Total Return per Ordinary Share

101.91p

Dividends paid to date per Ordinary Share

102

Unlisted and quoted investments

16.81%**

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) 134,472,165 (at 5 August 2022)

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

Fifth Floor, 1-2 Royal Exchange Buildings, London, EC3V 3LF
3908220

Latest/Announced AGM

7 July 2022

Next Continuation Vote

2027

Live Share Price

To view Share Price and LSE announcements please click here.

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 Paid or Declared 103.16

 

Year Ended November
Payment Date
Interim/Final
Rate (p)
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
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
2001 - 2016
   
70.70

 

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

See all Historical Reports and Accounts

MIG Current Circulars and KIDs

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 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

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. 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

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 mergers & acquisitions.

Arthur MacMillan

Independent Director

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.

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 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.

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