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.

View Current Offer

Financial highlights

As at 31 August 2024

£71.12m

Net Asset Value

33.87p*

NAV per Ordinary Share

85.87p

NAV Total Return per Ordinary Share

52.00p

Dividends paid to date per Ordinary Share

137

Unlisted and quoted investments

9.48%

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)

208,074,650 (at 8 October 2024)

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
Company No. 04084875

 

Latest/Announced AGM

23 April 2024 (London) 

Next Continuation Vote

2030

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 28

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

Newsletter 3D-1

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 53.00

 

 
 
 
 
Year Ended November
Payment Date
Interim/Final
Rate (p)
2024

6 September 2024

Interim
1.00
2023

3 May 2024

Final
1.10
2023

21 July 2023

Interim
0.75
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
2001 - 2018
   
41.35

 

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.

MIG5 Current Reports and Accounts

MIG5 Current Circulars, KIDs and Fund Factsheets

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.

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 JPMorgan Small Cap Growth & Income PLC, and is chair of the Association of Investment Companies (AIC). He was previously a non-executive director of Foresight VCT plc and a Member of the Institute of Chartered Accountants of Scotland Audit and Assurance Committee for the period 2005 to 2015.

Jane Stewart

Independent Director

Jane is a member of the Institute of Chartered Accountants of Scotland and has over 25 years’ Board level experience across industry, equity investment and corporate finance. She has served as chair and non-executive director on many private company boards at varying stages of growth, predominantly in the environmental and technology sectors. Jane is an ambassador of Women’s Enterprise Scotland, a Women in Innovation 2022 National Award Winner, and achieved the accolade of Highly Commended Scottish Businesswoman of the Year 2017. She is currently a non-executive director of Macphie Limited, a family owned added-value food ingredients manufacturer, and Offshore Renewable Energy (ORE) Catapult, the UK's leading technology, innovation and research centre for offshore renewable energy.

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
arrow

You can register with City’s online Investor Hub to view your shareholding, including indicative valuation, share certificate details, dividend histories, and changes to personal details and communications preferences. To ‘Register’ and create your account you need to enter your Investor Access Token (found on your welcome email or letter from City, any share certificate issued after October 2021 or contact City for a token), and then simply ‘Login’ each time using the email address and password you provided on registration. If you have shareholdings in multiple Maven VCTs, once you have added your first Access Token you can use the ‘Register Access’ option to add any other Access Tokens you may have for your other Maven shareholdings, which will allow you to view all your shareholdings under the one login.  

Financial intermediaries – can also register on the hub to view clients’ shareholding details (provided that a letter of authority has been given by the shareholder, or permission granted via a VCT application form). An intermediary with multiple clients in the Maven VCTs can view them through a single Hub login. Please contact City with any questions about registering for the hub, or to receive City’s ‘Guide for intermediaries’.

Access the portal