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 August 2022

£61.59m

Net Asset Value

34.79p*

NAV per Ordinary Share

84.44p

NAV Total Return per Ordinary Share

49.65p

Dividends paid to date per Ordinary Share

122

Unlisted and quoted investments

10.02%**

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).

Current VCT Offers

For the first time in eight years, investors have the opportunity to subscribe for New Shares in all four Maven Income and Growth VCTs, each with a long term track record of delivering positive shareholder returns.

An Early Investment Incentive discount is currently available and applies for valid applications received until 31 January 2023.

Find out more

Key information

Ordinary Shares in Issue

(total voting rights)
176,391,734 at 4 November 2022

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

Fifth Floor, 1-2 Royal Exchange Buildings, London, EC3V 3LF
04084875

 

Latest/Announced AGM

26 April 2022 

Next Continuation Vote

2028

Live Share Price

To view Share Price and LSE announcements please click here.

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 Paid or Declared 49.65

 

Year Ended November
Payment Date
Interim/Final
Rate (p)
2022
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
2017
30 November 2017 Second Interim
1.20
  15 September 2017 First Interim
2.00
2001 - 2016
   
34.45

 

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

See all Historical 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

Online Portal

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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.

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