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 AR NAV Graph (Feb 2021) web 01

AGM & Impact of COVID19

Maven VCT 1 has made announcements in connection with the ongoing COVID-19 situation. Those are summarised below, but to see any announcements by the VCT, including NAV updates, AGMs and the Dividend Investment Scheme, visit the VCT’s page on the London Stock Exchange.

2021 AGM voting

The AGM will be held on Wednesday 7 July 2021, at the Glasgow office of Maven Capital Partners. In light of the current Government advice against non-essential travel and public gatherings, and uncertainly over the relaxation of restrictions, Shareholders may be unable to attend the AGM in person and should instead vote using the Proxy Form.  Proxy votes can also be submitted by CREST or online using the Registrar’s Share Portal at Shareholders wishing to attend the AGM should notify the Company in advance by email to: or in writing to: The Company Secretary, Maven Income and Growth VCT PLC, c/o Maven Capital Partners UK LLP, First Floor, Kintyre House, 205 West George Street, Glasgow G2 2LW.

A summary of proxy voting results results will be provided in the Shareholder Documents section on this page after the conclusion of the AGM.

Maven and VCT Portfolio

Maven and the VCT’s Board will continue to monitor guidance from the government and health authorities. Maven has tested business continuity plans across all its offices to ensure the resilience of key processes and IT systems and, in line with government guidelines, has moved to a programme of home working to adhere to social distancing guidance.  Maven’s nationwide investment and portfolio team will maintain an active focus on value preservation and intensively managing the existing VCT portfolios, and is already working closely with each portfolio company to assess trading impact and the ongoing cash flow position. Maven appointed executives are supporting each investee management team in formulating and implementing any measures required to protect the health of employees, and assisting them to plan and take appropriate action to mitigate the impact that the Coronavirus pandemic is having on their businesses.

In what is a time of great uncertainty, if you have further questions regarding the impact of COVID-19 and Maven’s response, please call 0141 306 7400 or email, and the Manager will ensure that your enquiry is directed to the appropriate person.

Shareholder enquiries & Registrar

For Shareholding enquiries you should contact the Registrar, Link Market Services.

Using the Share Portal

To visit the Share Portal for information click here where you will see the help centre (there is no need to login to access the Help information). If you want to access your shareholding you will need to follow the Getting Started instructions to login or register an account – this also allows you to reset your username and/or password if you have forgotten them. If you are a new user needing to register for the portal, you only need three pieces of information – your surname, postcode and investor code (the unique number that you will have received on previous communications from Link, such as share certificates or dividend tax confirmations).

Other ways to contact Link

If you are unable to use the Share portal, it is still possible to contact Link by email, in writing or by phone, but it may take a little longer than usual to get through or receive a response:

  • By email: on
  • In writing (including for any instructions to amend the share register): to Link Group, 10th Floor, Central Square, 29 Wellington Street, Leeds LS1 4DL.
  • By telephone on the non-premium rate 0333 300 1566 VCT shareholder helpline Link operates on behalf of the Maven VCTs (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 may take a little longer to respond than normal.
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.


Latest paid/declared 
- 16 July 2021

See below for dividend history.

NAV Total Return Performance

NAV (at 31 May 2021)*
NAV Total Return 2004**
NAV Total Return 2021
Increase in Total Return

*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† 

†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)
136,219,973 (at 16 July 2021)
Latest/Announced AGM
7 July 2021
Next Continuation Vote 
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 2021)

Valuation by transaction type - February 2021
Mig1 ar (feb 2021) trans type feb 2021 graph
Valuation by transaction type - February 2020
Mig1 ar (feb 2021) trans type feb 2020 graph
Top 10 Investments

Top Ten Investments



Total Unlisted and Quoted Investments



Total Number of Unlisted and Quoted Investments


Net Asset Value


Cost £'000 Valuation £'000

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

949 1,679

Horizon Ceremonies
Develops, operates and owns purpose built crematoria across the UK

788 1,184

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

627 1,169

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

567  1,024

Rockar 2016 Limited (trading as Rockar)
Innovative Car Retailer

905 997

Bright Network (UK)
Media technology platform designed to enable leading employers to reach, identify and recruit good quality graduates and young professionals

940 971

The GP Service (UK)
Provider of online services for general medical consultations and prescriptions

860 892

HCS Control Systems Group
Provider of a wide range of subsea control systems

846 846

CB Technology Group
Manufacture and test of high end printed circuit boards with high reliability and performance

579 843

Life's Great Group (trading as Mojo Mortgages)
Digital mortgage broker

820 825

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.

Total Dividend Paid or Declared 100.91
Year Ended February Payment Date Interim/Final Rate (p)
2021 16 July 2021 Proposed 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

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, Link Market Services, using the contact details above.

MIG Current Reports and Accounts

MIG Current Circulars, KIDs and important information

MIG Dividend Investment Scheme

For enquiries about your shareholding please call the registrar Link Asset Services on 0333 300 1566, or email You can also access Link’s share portal here:
Contact Link