Maven Income and Growth VCT 2

Merger with Maven Income and Growth VCT 4 PLC - as announced on 15 November 2018, the merger of the Company with Maven Income and Growth VCT 4 PLC has been completed. 

Share certificates will be issued to former Shareholders in Maven Income and Growth VCT 2 PLC, in respect of their new shares in Maven Income and Growth VCT 4 PLC, during the week commencing 19 November 2018. If applicable, CREST accounts will be credited on 16 November 2018.

Historical information about Maven Income and Growth VCT 2 PLC can be found on this page. For further information about Maven Income and Growth VCT 4 PLC click here.

NAV Total Return per share

MIG2 Total NAV

Shareholder enquiries and documents

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 and maintain your shareholding and 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.‎ 

Annual and Interim Reports

Annual and Interim Reports, and other shareholder documents, are available for download on this page. Maven and the VCTs are committed to reducing the number of shareholder documents sent by post, both to minimise costs for VCT shareholders and to reduce the environmental impact of printing substantial documents. If you currently receive hard copy documents and would rather receive notifications by post , or would like to switch from postal to email notifications, you should advise Capita using the details above.

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 and Financial Conduct Authority (FCA) websites.

Recommendation 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

 
Paid/declared (last 12 months)
5.20p - 22 June 2018
2.70p
- 26 January 2018 
3.41p
- 15 September 2017 

NAV Total Return Performance

NAV (at 31 July 2018) 
35.28p* 
NAV Total Return 2004**
65.20p
NAV Total Return 2018 
97.56p
Increase
49.63%

*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 Announcements
Yield on Cost** 
14.14%  
Gross Yield†
18.85% 

**Based on dividends shown (including any exceptional payments) and a net purchase price of 80p. Shares acquired as new-issue shares, after initial tax relief available.

†The yield a higher rate taxpayer would need to achieve on a taxable UK equity portfolio to match costs.

Key Data


Ordinary Shares in Issue 
(total voting rights)
40,134,617 (at 31 July 2018)
Latest/Announced AGM
13 June 2018 (Glasgow)
Next Continuation Vote
2020
History
Launched - January 2001.
Maven Income and Growth VCT 2 PLC was formerly known as Aberdeen Growth VCT I PLC.

Investment Portfolio (as at 31 January 2018)

Valuation by deal type
Mig 2 ar 2018 deal type graph graph
Valuation by industry group
Mig 2 ar 2018 industry group graph graph
Top 10 Investments (excluding acquisition vehicles)

Top Ten Investments

4,298

4,965

Total Investments

13,647

12,276

Total Number of Investments

61

Net Asset Value

16,321

Cost £'000 Valuation £'000
Martel Instruments Holdings
Manufacturer of compact, handheld printers and display devices
748 669
Ensco 969 (trading as DPP)
Planned and reactive mechanical and electrical maintenance
584 660
Rockar 2016 (trading as Rockar)
Innovative, technology-lead motor retailer
551 551
CatTech International 
Specialist industrial services business focusing on the extraction and replacement of catalysts at oil refineries and petro-chemical plants
323 507
Vodat Communications Group
Provider of managed IT network and communications solutions to business customers
298 462
Maven Co-invest Endeavour Partnership (invested in Global Risk Partners)
Investment vehicle undertaking a buy and build in the specialty insurance sector
227 455
Horizon Cremation
Develop, operate and own purpose built crematoria across the UK
437 437
Glacier Energy Services Holdings
Provides onsite cutting machines and machining services
434 434
The GP Service (UK)
Provider of online services for general medical consultations and prescriptions
398 398
JT Holdings (trading as Just Trays)
Manufacturer of shower trays and related accessories
298 392

Dividend History

Total Dividends Paid or Declared 62.28
Year Ended January Payment Date Interim/Final/Special Rate (p)
2019 22 June 2018 Interim 5.20
2018 26 January 2018 Second interim 2.70
15 September 2017 First interim 3.41
2017 23 June 2017 Final 2.25
28 October 2016 Interim 2.00
2016 24 June 2016 Final 2.25
30 October 2015  Interim 2.00
30 October 2015  Special 10.00
2015 26 June 2015 Final 2.15
31 October 2014 Interim 1.85
2002-2014 28.47
Call Maven on 0141 306 7400 for more information on our VCTS or get in touch by email.
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