Maven Income and Growth VCT 5 PLC

    Maven Income and Growth VCT 5 aims to achieve long-term capital appreciation and generate income for Shareholders by investing in a diversified portfolio of unquoted UK and AIM companies with growth potential.

    Financial highlights

    As at 28 February 2023

    £65.87m

    Net Asset Value

    35.45p*

    NAV per Ordinary Share

    85.10p

    NAV Total Return per Ordinary Share

    49.65p

    Dividends paid to date per Ordinary Share

    119

    Unlisted and quoted investments

    10.07%

    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 the 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)
    195,496,793 at 2 June 2023

    History

    Launched - 4 December 2000.
    Maven Income and Growth VCT 5 PLC was formerly known as Bluehone AiM VCT2 PLC and AiM VCT2 PLC, and incorporates Bluehone AiM VCT PLC (formerly known as AiM VCT PLC).

    Registered Office

    6th Floor, Saddlers House, 44 Gutter Lane, London, EC2V 6BR
    04084875

     

    Latest/Announced AGM

    25 April 2023 (Glasgow) 

    Next Continuation Vote

    2028

    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

    Issue 26

    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 cover of Maven's VCT investor magazine, Creating Value.

    Performance

    NAV Total Return per share

    Dividends

    Decisions on distributions take into consideration the availability of surplus revenue, the realisation of capital gains, the adequacy of distributable reserves and the VCT qualifying level, all of which are kept under close and regular review by the Board and the Manager. As the portfolio continues to expand and a greater proportion of holdings are invested in young companies, future distributions will be more closely linked to realisation activity, whilst also reflecting the Company’s requirement to maintain its VCT qualifying level. If larger distributions are required as a consequence of exits, this could result in a corresponding reduction in NAV per share.

     

    Total Dividends (per share) Paid or Declared 50.15

     

    Year Ended November
    Payment Date
    Interim/Final
    Rate (p)
    2022

    5 May 2023

    		 Final
    0.50
     
    		 26 August 2022 Interim
    3.00
    2021
    		 4 May 2022 Final
    1.00
      
    		   26 November  Second Interim
      0.50
     
    		 10 September First Interim
    0.60
    2020
    		 7 May 2021 Final
    1.10
      28 August 2020 Interim
    0.50
    2019
    		 1 May 2020 Final
    1.10
      30 August 2019 Interim
    0.50
    2018
    		 13 April 2018 Interim
    3.70
    2001 - 2017
    		    
    37.65

     

    Portfolio

    Top 10 Investments

    1. Bright Network (UK) Limited

    Media technology platform designed to enable leading employers to reach, identify and recruit good quality graduates and young professionals

    Cost £940,000 | Valuation £2,179,000
    % of net asset by value 3.4

    2. MirrorWeb Limited

    Developer of a cloud-based web and social media archiving solution

    Cost £1,000,000 | Valuation £1,730,000
    % of net asset by value 2.8

    3. Water Intelligence PLC

    Provider of water monitoring products and leak detection and remediation services

    Cost £163,000 | Valuation £1,567,000
    % of net asset by value 2.6

     4. Rockar 2016 Limited (trading as Rockar)

    Innovative car retailer

    Cost £1,023,000 | Valuation £1,479,000
    % of net asset by value 2.4

    5. Relative Insight Limited

    Linguistic analysis software platform

    Cost £600,000 | Valuation £1,419,000
    % of net asset by value 2.3

    6. Horizon Technologies Consultants Limited

    Signals intelligence (“SIGINT”) company providing airborne satellite phone monitoring systems for Intelligence, Surveillance and Reconnaissance (“ISR”) applications

    Cost £796,000 | Valuation £1,326,000
    % of net asset by value 2.1

    7. Horizon Ceremonies Limited (trading as Horizon Cremation)

    Develops, operates and owns purpose built crematoria across the UK

    Cost £660,000 | Valuation £1,298,000
    % of net asset by value 2.1

    8. Delio Limited

    Designs and builds digital private asset infrastructure for global financial institutions

    Cost £648,000 | Valuation £1,276,000
    % of net asset by value 2.0

     

    9. DiffusionData Limited (formerly Push Technology Limited)

    Supplier of the ‘Diffusion’ software which helps its clients to broadcast real-time and time-sensitive data at scale and with high efficiency

    Cost £725,000 | Valuation £1,186,000
    % of net asset by value 1.9

    10. GradTouch Limited 

    Technology platform connecting graduates and employers

    Cost £567,000 | Valuation £1,133,000
    % of net asset by value 1.8

    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.

    MIG5 Current Reports and Accounts

    MIG5 Current Circulars and KIDs

    MIG5 Dividend Investment Scheme

    Board of Directors

    Graham Miller

    Chairman and Independent Director

    Graham began his business career with Murray Johnstone Private Equity in 1987, becoming a Director in 1994. He was Corporate Development Director for Avon Rubber PLC from 1998-2001, before returning to private equity with 3i plc. Since 2008, he has operated as an Independent Director and private investor. Graham is a non-executive Director of AIM listed Sutton Harbour Group PLC where he also chairs the Audit Committee and a non-executive Director of Fidelius Financial Holdings Limited.

    Gordon Humphries

    Independent Director

    Gordon has over 30 years’ experience in financial services, particularly with regard to investment trusts. He was an investment director and the head of investment companies at Standard Life Investments, and prior to that joint head of investment trusts at F&C Asset Management. Gordon has an MA (Hons) in Economics and Accountancy from the University of Edinburgh and he joined Ivory & Sime plc in 1988 after qualifying as a chartered accountant with Deloitte Haskins & Sells (now PwC). He is currently a non-executive director of Foresight VCT plc and JPMorgan UK Smaller Companies Investment Trust plc, and has recently been appointed to the Board of the Association of Investment Companies (AIC). He was previously a Member of the Institute of Chartered Accountants of Scotland Audit and Assurance Committee for the period 2005 to 2015.

    Charles Young

    Independent Director

    Charles is chairman of E G Thomson (Holdings) Limited, a private investment company and a non-executive director of Ben Line Agencies Limited. Charles is a Bachelor of Laws and is a member of the Institute of Chartered Accountants of Scotland, having trained with Arthur Young McClelland Moores & Co (now part of EY). He was employed by The British Linen Bank Limited between 1979 and 1997, serving as a main board director from 1991 until 1997, as a director of its corporate finance division from 1986 to 1992 and as managing director of its private equity operations from 1992 to 1997.

    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

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