Maven Income and Growth VCT 5

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 companies and AIM companies.

NAV Total Return per share

MIG5 Total NAV

Shareholder enquiries & Registrar

For Shareholding enquiries you can contact the Registrar, Link Asset Services, on, or via Link’s shareholding portal at which enables you to easily access your shareholding and maintain 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.‎

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 website as well as consulting the Financial Conduct Authority (FCA) website (which contains valuable information on how to avoid investment and pension scams).

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.


Latest paid/declared
- 30 August 2019

See below for dividend history.

NAV Total Return Performance

NAV (at 31 May 2019)*
NAV Total Return 2011**
NAV Total Return 2019 
Increase in Total Return

*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 LSE announcements
Tax-free Yield† 

†Based on average dividends paid in 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 Data

Ordinary Shares in Issue 
(total voting rights)
126,876,158 (at 30 August 2019)
Latest/Announced AGM
30 April 2019 (London)
Next Continuation Vote 
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).

Investment Portfolio (as at 31 May 2019)

Valuation by deal type
Mig vct 5 ir 2019 deal type graph (july 2019) web 01 graph
Valuation by industry group
Mig vct 5 ir 2019 industry sector graph (july 2019) web 01 graph
Top 10 Investments (excluding acquisition vehicles)

Top Ten Investments



Total Investments



Total Number of Investments


Net Asset Value


Cost £'000 Valuation £'000
Ideagen PLC
Specialises in the development, supply, implementation and support of the Enterprise Content Management Solution (ECM) KnowledgeWorker
180 3,388
Water Intelligence PLC
Provider of water monitoring products and leak detection and remediation services
272 1,340
JT Holdings (trading as Just Trays)
Leading manufacturer of shower trays and related accessories
696 1,138
Rockar 2016 (trading as Rockar)
Innovative car retailer
580 896
GEV Holdings
Diversified energy services group primarily servicing the renewable industry
336 836
The GP Service (UK)
Online services for general medical consultations and prescriptions
698 730
CB Technology Group
Manufactures and tests high end printed circuit boards for deployment in hostile environments
521 680
Glacier Energy Services Holdings
Provides onsite cutting machines and machining services to the energy services sector
643 643
Maven Co-Invest Endeavour Partnership (invested in Global Risk Partners)
Investment vehicle undertaking a buy and build in the specialty insurance sector
303 606
Ensco 969 (trading as DPP)
Provides planned and reactive mechanical and electrical maintenance
515 584

Dividend History

The dividend history shown should not be taken as an indication of future dividends, which will be subject to a number of factors, including investment performance, surplus revenue, profitable realisations, VCT qualifying levels and the availability of cash and distributable reserves. Revisions to the VCT regulations in 2015 resulted in a change of investment focus toward earlier stage businesses, which typically provide lower levels of investment income and take longer to mature. It is anticipated that future distributions will be more closely linked to the proceeds of realisations and, therefore, will become less predictable in terms of both quantum and timing. More information is provided within the Annual and Interim Reports.

Total Dividends Paid or Declared 41.85
Year Ended November Payment Date Interim/Final Rate (p)
2019 30 August 2019 Interim 0.50
2018 13 April 2018 Interim 3.70
2017 30 November 2017 Second Interim 1.20
15 September 2017 First Interim 2.00
2016 28 April 2017 Final 1.70
9 September 2016 Interim 0.95
2015 29 April 2016 Final 1.75
28 August 2015 Interim 0.90
2014 5 June 2015 Final 1.70
29 August 2014 Interim 0.80
2001-2013 26.65

Shareholder Documents

Shareholder documents, are available for download here. Maven and the VCTs are committed to reducing the environmental impact of printing and posting substantial documents. If you currently receive hard copy Annual and Interim Reports, and would prefer to receive postal notifications of their website publication, or would like to switch from postal to email notifications of publication, you should advise the Registrar, Link Asset Services, using the registrar details above.

MIG5 Current Reports and Accounts

MIG5 Current Circulars and KIDs

MIG5 Dividend Investment Scheme

For enquiries about your shareholding please call the registrar Link Market Services on 0333 300 1566, or email You can also access Link’s share portal here:
Contact Link