Maven Income and Growth VCT 6

Maven Income and Growth VCT 6 PLC aims to achieve long term capital appreciation, principally through investment in small unlisted companies in the United Kingdom with strong growth potential.  

NAV Total Return per share

MIG 6 NAV Graph

Shareholder enquiries & Registrar

For Shareholding enquiries you can contact the Registrar, Link Market Services, on vcts@linkgroup.co.uk, or via Link’s shareholding portal at www.signalshares.com 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 Market 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.

Dividends

 
Latest paid/declared
1.75p
- 13 September 2019

See below for dividend history.

NAV Total Return Performance

NAV (at 30 June 2019)*
52.27p
NAV Total Return 2005** 
45.5p
NAV Total Return 2019
57.12p
Increase in Total Return 
25.54%

*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† 
2.98% 

†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)
40,107,165 (at 13 September 2019)
Latest/Announced AGM
4 September 2019 (London)
Next Continuation Vote
2023
History
Launched - 28 March 2000.
Maven Income and Growth VCT 6 PLC was formerly known as Talisman First Venture Capital Trust PLC, Talisman First Ofex Venture Capital Trust PLC and First Ofex Venture Capital Trust PLC.

Investment Portfolio (as at 31 March 2019)

Valuation by deal type
Mig 6 ar 2019 deal type graph (apr 2019) web 01 graph
Valuation by industry group
Mig 6 ar 2019 industry sector graph (apr 2019) web 01 graph
Top 10 Investments (excluding acquisition vehicles)

Top Ten Investments

6,218

6,950

Total Investments

17,920

17,077

Total Number of Investments

81

Net Asset Value

21,516

Cost £'000 Valuation £'000
Horizon Cremation
Develop, operate and own purpose built crematoria across the UK
1000 1000
Pelatro PLC
Provides precision marketing software for use by its customers in B2C applications
616 848
Curo Compensation
Reward and compensation SaaS software solution
700 720
BioAscent Discovery
Provision of integrated drug discovery services
697 697
Bright Network (UK)
Media technology platform designed to enable leading employers to recruit good quality graduates and young professionals
696 696

ITS Technology Group
Provides faster internet, proactive managed IT and telephony services

542 683
Optoscribe
Designs and manufactures glass-based 3D photonic integrated circuits
626 626
Boiler Plan (UK)
Sells and installs boilers and boiler servicing plans
600 600
Avacta Group PLC
Biopharmaceutical company
392 550
Creo Medical Group PLC
Specialist Medtech company, focused on the emerging field of surgical endoscopy
349 530

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 6.60
Year Ended March Payment Date Interim/Final Rate (p)
2019 13 September 2019 Final 1.75
2018 29 March 2018 Interim 1.75
2017 8 September 2017 Final 0.25
2016 9 September 2016 Final 0.25
18 March 2016 Interim 0.80
2015  11 September 2015 Final 0.70
2013- 2014 1.10
For enquiries about your shareholding please call the registrar Link Asset Services on 0333 300 1566, or email vcts@linkgroup.co.uk. You can also access Link’s share portal here:
Contact Link