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.
Important Information regarding investing in VCTs. Please take the time to read this before proceeding.
Taxation rules and legislation may be subject to change. The value of tax relief depends on personal circumstances.
Past performance of Maven VCTs is not an indication of future performance. The price of VCT shares can fall and rise in value and may be difficult to sell.
Maven VCTs invest in smaller, early stage companies, which can be difficult to value and dispose of.
Maven VCTs aim to pay regular dividends to shareholders but these are not guaranteed.
Maven VCTs are intended for UK taxpayers aged 18 or over with an investment horizon of five or more years and who are able to bear 100% capital loss and with a medium to high risk tolerance. Investors in Maven VCTs will generally be informed investors with either experience in investing in VCTs or with a knowledge and understanding of the risks involved. If you are unsure about the risks of investing in VCTs you should always seek the advice of a regulated financial adviser.
The Maven VCT 3 and VCT 4 Offers are still open until 27 May for 2022/2023 applications.
As at 28 February 2022
Net Asset Value
NAV per Ordinary Share
NAV Total Return per Ordinary Share
Dividends paid to date per Ordinary Share
Unlisted and quoted investments
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).
Ordinary Shares in Issue
(total voting rights)
101,866,380 (at 26 April 2022)
Launched - September 2001. Maven Income and Growth VCT 3 PLC was formerly known as Aberdeen Growth Opportunities VCT PLC.
Fifth Floor, 1-2 Royal Exchange Buildings, London, EC3V 3LF
6 April 2022 (London)
Next Continuation Vote
Live Share Price
NAV Total Return per share
Total Dividends Paid or Declared 93.92
Year Ended November
|26 April 2022||Final||
||11 March 2022||Second interim||
|10 September 2021||First interim||
|16 April 2021||Final||
|28 August 2020||Interim||
|17 April 2020||Final||
|30 August 2019||Interim||
|22 June 2018||Second Interim||
|13 April 2018||First Interim||
|30 November 2017||Third Interim||
|15 September 2017||Second Interim||
|14 July 2017||Interim||
2003 - 2016
Top 10 Investments
1.Quorum Cyber Security Limited
Provision of managed services to protect against the growing cyber security threat
Cost £400,000 | Valuation £2,562,000
% of net asset by value 5.2
2.Horizon Ceremonies Limited (trading as Horizon Cremation)
Develops, operates and owns purpose built crematoria across the UK
Cost £1,288,000 | Valuation £1,932,000
% of net asset by value 4.0
3. e.fundamentals (Group) Limited
e-commerce analytics software service that provides a platform for tactical and strategic daily use by the internal sales and marketing teams of consumer goods producers
Cost £567,000 | Valuation £1,869,000
% of net asset by value 3.8
4.Life's Great Group Limited (trading as Mojo Mortgages)
Digital mortgage broker
Cost £979,000 | Valuation £1,637,000
% of net asset by value 3.3
5.Relative Insight Limited
Linguistic analysis software platform
Cost £700,000 | Valuation £1,505,000
% of net asset by value 3.1
6.Martel Instruments Holdings Limited
Manufacturer of compact, handheld printers and display devices
Cost £671,000 | Valuation £1,278,000
% of net asset by value 2.6
7.Ensco 969 Limited (trading as DPP)
Planned and reactive mechanical and electrical maintenance
Cost £1,133,000 | Valuation £1,236,000
% of net asset by value 2.5
Designs and builds digital private asset infrastructure for global financial institutions
Cost £533,000 | Valuation £1,227,000
% of net asset by value 2.5
Biopharmaceutical diagnostics business engaged in the risk assessment and prevention of cardiovascular and related diseases
Cost £598,000 | Valuation £1,201,000
% of net asset by value 2.5
10.CatTech International Limited
Specialist industrial services business focusing on the extraction and replacement of catalysts
Cost £627,000 | Valuation £1,077,000
% of net asset by value 2.2
VCT Board of Directors
Chairman and Independent Non-executive Director
Atul has held a number of senior positions in software technology companies operating in various sectors including finance, mobile, telecoms, food & drink, health and pharmaceuticals. He was founder and chief executive officer of AIM listed United Clearing Plc, which was sold to BSG in 2006. He is currently a director of, and an investor in, a number of private limited companies, including the GP Service (UK) Limited, and is also mentor of entrepreneurs at the Company of Information Technologists in the City of London. Atul has a First Class Honours Degree in Electronic Engineering from the University College of North Wales.
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 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.
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.
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.
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.
The City Partnership
The Mending Rooms
Park Valley Mills
Huddersfield, HD4 7BH
Accessing your Shareholding information online
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.