Maven Income and Growth VCT 3 PLC

Maven Income and Growth VCT 3 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 29 February 2024

£61.65m

Net Asset Value

52.76p*

NAV per Ordinary Share

150.33p

NAV Total Return per Ordinary Share

97.57p

Dividends paid to date per Ordinary Share

117

Unlisted and quoted investments

9.50%**

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 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)
122,431,944 (at 10 May 2024)

History

Launched - September 2001. Maven Income and Growth VCT 3 PLC was formerly known as Aberdeen Growth Opportunities VCT PLC.

Registered Office

6th Floor, Saddlers House, 44 Gutter Lane, London, EC2V 6BR
Company No. 04283350

Latest/Announced AGM

2 May 2024 (London)

Next Continuation Vote

2029

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 27

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

Front page graphic v2

Performance

NAV Total Return per share

 

Dividends

 

Total Dividends (per share) Paid or Declared 99.72

 

Year Ended November
Payment Date
Interim/Final
Rate (p)
2023

 

3 May 2024

 

Final
2.15
 

25 August 2023

Interim
0.50
2022
26 April 2023 Final
1.90
 
26 August 2022 Interim
1.25
2021
26 April 2022 Final
1.50
 
11 March 2022 Second interim
 2.00
  10 September 2021 First interim
1.25
2020
16 April 2021 Final
1.00
  28 August 2020 Interim
2.00
2019
17 April 2020 Final
2.00
  30 August 2019 Interim
2.00
2003 - 2018
   
82.17

 

Dividend Investment Scheme

Maven Income and Growth VCT 3 PLC operates a dividend investment scheme (DIS). Terms and Conditions (and features of the scheme), and a mandate form for participating in the DIS, are available to download in the Shareholder Documents section below.

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.

MIG3 Dividend Investment Scheme

VCT Board of Directors

Keith Pickering

Chairman and Independent Non-executive Director

Keith is a Fellow of the Institute of Chartered Accountants of England and Wales. He is a partner at Alantra Corporate Finance, formerly Catalyst Corporate Finance, which he founded in 1998 along with two others and where he leads the industrials sector team in the UK. Over twenty years he played a major role in the growth of Catalyst and in September 2017 the business was sold to Alantra Group, the Spanish listed mid-market investment bank. Prior to establishing Catalyst, Keith spent thirteen years at the successor firms of PwC and Deloitte, including a three year period in the Far East, operating out of Hong Kong.

David Allan

Independent Non-executive Director

David is a legally qualified corporate finance practitioner with significant experience in equity investment, M&A, VCTs and AIM. He is currently an executive director of Aridhia Informatics Limited, a private equity backed technology company. He is also a partner of Davidson Chalmers Stewart LLP, a commercial law firm based in Glasgow. Prior to this, David was a partner with Biggart Baillie LLP and Brodies LLP.

Bill Nixon

Non-executive Director

Bill is managing partner of Maven Capital Partners UK LLP (Maven) and has 40 years’ experience in banking and private equity. He is a Fellow of the Chartered Institute of Bankers in Scotland and obtained an MBA from Strathclyde University in 1996. In the 1990s, Bill was head of the private equity business at Clydesdale Bank plc, a subsidiary of National Australia Bank, before joining Aberdeen Asset Management plc (Aberdeen) in 1999. In 2004 he was appointed as principal fund manager to all Aberdeen managed VCTs. In 2009, Bill and his senior colleagues led a management buy-out from Aberdeen to form Maven. He is also a director of Maven Income and Growth VCT 4.

David Priseman

Independent Non-executive Director

David has over thirty five years’ experience working for major banks, a care home group, a specialist transport consultancy, private equity houses and advising entrepreneurs. He has served on, led and advised boards ranging from start up to £120 million turnover in the care, aviation, software and agriculture sectors. David is currently a non-executive director of Astuta Limited, a buy and build software business specialising in regulatory technology. He also provides finance, strategy and related advisory services to a portfolio of SME clients. David has an MBA, a Diploma in Marketing from the Chartered Institute of Marketing, a Master’s Degree in Transport Economics and a Bachelor’s Degree in Business Studies and Economics.

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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