Maven Income and Growth VCT 3

Maven Income and Growth VCT 3 PLC is a generalist VCT aiming to achieve long term capital appreciation and generate income for shareholders. 

NAV Total Return per share

MIG3 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) 

5.25p - 22 June 2018
5.70p
- 13 April 2018
6.67p
- 30 November 2017
5.14p
- 15 September 2017
2.71p - 14 July 2017

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 Shareholder Documents below.

NAV Total Return Performance

NAV (at 31 August 2018)
61.17p* 
NAV Total Return 2004**
96p
NAV Total Return 2018 
143.34p
Increase
49.31%

*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** 
31.84% 
Gross Yield† 
42.45%

**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)
68,973,462  (at 27 November 2018)
Latest/Announced AGM
11 April 2018 (London)
Next Continuation Vote 
2023
History
Launched - September 2001.
Maven Income and Growth VCT 3 PLC was formerly known as Aberdeen Growth Opportunities VCT PLC.

Investment Portfolio (as at 31 May 2018)

Valuation by deal type
Mig 3 ir 2018 deal type graph web 01 graph
Valuation by industry group
Mig 3 ir 2018 industry group graph web 01 graph
Top 10 Investments (excluding acquisition vehicles)

Top Ten Investments

7,444

11,790

Total Investments

24,397

24,335

Total Number of Investments

63

Net Asset Value

34,015

Cost £'000 Valuation £'000
Lemac No. 1 (trading as John McGavigan)
Manufacturer and supplier of automotive appliques and decorative assemblies.
806 2,990
SPS (EU)
Leading manufacturer and supplier of promotional products.
801 1,755
Ensco 969 (trading as DPP)
Planned and reactive mechanical and electrical maintenance.
1,133 1,283
Torridon (Gibraltar)
National supplier of specialist financial and legal insurance products and litigation services.
400 994
CatTech International
Specialist industrial services business focusing on the extraction and replacement of catalysts at oil refineries and petro-chemical plants.
627 982
Martel Instruments Holdings
Manufacturer of compact, handheld printers and display devices.
1,026 918
Vodat Communications Group
Provider of managed IT network and communications solutions to business customers.
567 784
Fathom Systems Group
Provider of engineering solutions to the commercial diving, underwater engineering and Remotely Operated Vehicles (ROV) subsectors of the Oil & Gas industry.
710 710
Horizon Cremation
Develops, operates and owns purpose built crematoria across the UK.
688 688
Glacier Energy Services Holdings
Provides engineered solutions to the energy sector, working for both operators and service companies worldwide.
686 686

Dividend History

Total Dividends Paid or Declared 82.17
Year Ended November Payment Date Interim/Final Rate (p)
2018 22 June 2018 Second Interim 5.25
13 April 2018 First Interim 5.70
2017 30 November 2017 Third Interim 6.67
15 September 2017 Second Interim 5.14
14 July 2017 Interim 2.71
2016 28 April 2017 Final 3.75
2 September 2016 Interim 2.0
2015 29 April 2016 Final 3.75
28 August 2015 Interim 2.0
2014 5 June 2015 Final 3.50
29 August 2014 Interim 2.0
2003 - 2013 29.70
Call Maven on 0141 306 7400 for more information on our VCTS or get in touch by email.
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