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 31 May 2023
£66.01m
Net Asset Value
34.18p*
NAV per Ordinary Share
84.33p
NAV Total Return per Ordinary Share
50.15p
Dividends paid to date per Ordinary Share
139
Unlisted and quoted investments
10.45%
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)
195,795,711 at 21 July 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
Company No. 04084875
Latest/Announced AGM
25 April 2023 (Glasgow)
Next Continuation Vote
2029
Live Share Price
To view Share Price and LSE announcements please click here.
Data Protection Policy
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 50.90
Year Ended November |
Payment Date |
Interim/Final |
Rate (p) |
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 |
|
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
See all Historical Reports and Accounts
MIG5 Current Circulars and KIDs
See all Historical 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 JPMorgan UK Smaller Companies Investment Trust plc, and is on the Board 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.
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.
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; Offshore Renewable Energy (ORE) Catapult, the UK's leading technology, innovation and research centre for offshore renewable energy; and Topolytics Limited, a waste data analytics and insights company.
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
Alternatively, 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.