Maven Renovar VCT PLC

    The investment objective of Maven Renovar VCT PLC (formerly Amati AIM VCT plc) is to generate tax free capital gains and income on investors' funds, through investment primarily in AIM-traded companies.

    Financial highlights

    As at 31 January 2025

    £111.5m

    Net Asset Value

    76.41p*

    NAV per Ordinary Share

    213.75p

    NAV Total Return per Ordinary Share

    137.34p

    Dividends paid to date per Ordinary Share

    60

    Qualifying investments

    17.95%**

    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)
    143,951,488 (at 23 May 2025)

    History

    Launched - 29 January 2001.
    Maven Renovar VCT PLC was known as Amati AIM VCT prior to 1 May 2025, when Maven took over management of the fund from Amati Global Investors. The fund was also previously Amati VCT 2 before 4 May 2018, following a merger between Amati VCT and Amati VCT 2. Amati VCT 2 was itself the result of a merger by scheme of reconstruction between ViCTory VCT and the former Amati VCT 2 (originally Invesco Perpetual AiM VCT).

    Registered Office

    8th Floor, 100 Bishopsgate, London, EC2N 4AG
    Company No. 04138683

    Latest/Announced AGM

    19 June 2025

    Next Continuation Vote

    2029

    Live Share Price

    To view Share Price and LSE announcements please click here.

    Data Protection Policy

    View it here.

    Dividend Reinvestment Scheme

    Currently suspended

    87 Barts Close, London

     

    Meet the Manager Event

    12 June 2025

    Maven is hosting a Meet the Manager event at 87 Barts Close, London, where Shareholders in Maven Renovar VCT (formerly Amati AIM VCT) can hear from the senior team managing the Maven VCTs. To find out more or register to attend, please click below.

    Find out more

    Performance

    NAV Total Return per share

     

     

    Dividends

    The Board aims to pay annual dividends of around 5% of the Company’s Net Asset Value at its immediately preceding financial year end, subject to the Company’s distributable reserves and cash resources, and with the authority to increase or decrease this level at the Directors’ discretion.

     

    Total Dividends (per share) Paid or Declared 147.34p

    Year Ended January
    Payment Date
    Interim/final/special
    Rate (p)
    2025

     

    30 May 2025

    (record date 2 May 2025)

    Special
    10.00
     

    17 January 2025

    Special
    2.50 
     

    17 January 2025

    Second Interim
    1.50 
     

    25 October 2024

    First Interim
    2.50
     

    10 June 2024

    Special
    10.00
    2024

    12 January 2024 

    Second Interim
    2.50
     

    24 November 2023

    Interim
    2.50
    2023

    21 July 2023

    Final
    3.50
     

    25 November 2022

    Interim
    3.50
    2022

    22 July 2022

    Final
     4.50
      

     26 November 2021

    Interim
     4.50
    2021

    23 July 2021

    Final
    7.00
     

    27 November 2020

    Interim
    3.50
    2002 - 2020
    		    
    89.34

     

     

    Qualifying Portfolio

     

    Top 10 Investments

    1. WS Amati UK Listed Smaller Companies Fund

    Listed Fund

    Cost £6,977,000| Valuation £11,356,000
    % of net asset by value 10.2

    2. Learning Technologies Group 

    Provider of digital learning solutions for organisations 

    Cost £3,771,000 | Valuation £6,307,000
    % of net asset by value 5.7

    3. Craneware 

    Software company that offers services for healthcare

    Cost £3,601,000 | Valuation £4,146,000
    % of net asset by value 3.7
     

    4. GB Group 

    Identity verification, location intelligence and fraud prevention

    Cost £2,967,000 | Valuation £3,931,000
    % of net asset by value 3.5

    5. Property Franchise Group

    Letting and estate agency

    Cost £576,000 | Valuation £3,841,000
    % of net asset by value 3.4
     

    6. MaxCyte

    Commercial cell engineering 

    Cost £1,536,000 | Valuation £3,650,000
    % of net asset by value 3.3

    7. Water Intelligence

    Leak detection and remediation services

    Cost £1,038,000 | Valuation £3,218,000
    % of net asset by value 2.9
     

    8. Chorus Intelligence Limited Ordinary Shares

    Investigator software

    Cost £301,000 | Valuation £151,000
    % of net asset by value 0.1
     

    8. Chorus Intelligence Limited 10% Convertible Loan Notes

    Investigator software

    Cost £2,699,000 | Valuation £2,699,000
    % of net asset by value 2.4
     

    9. Intelligent Ultrasound

    Diagnostic imaging

    Cost £2,195,000 | Valuation £2,808,000
    % of net asset by value 2.5

    10. Diaceutics

    Diagnostic commercialisation platform for precision medicine

    Cost £1,557,000 | Valuation £2,766,000 
    % of net asset by value 2.5

    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.

    Current Reports and Accounts

    Shareholder Information

    Board of Directors

    Fiona Wollocombe

    Non-Executive Chair

    Fiona Wollocombe was appointed to the Board in June 2021 and was appointed Chairman at the end of the AGM in June 2022. She is also a non-executive director of Albion Technology & General VCT plc following the merger of Albion VCTs in December 2024. Her previous career was in equity capital markets at NatWest Markets and Deutsche Bank. She has previously held non-executive director roles for a number of other companies in the VCT sector including being chairman of Artemis VCT Plc and of Maven Income and Growth VCT PLC.

    Julia Henderson

    Non-Executive Director

    Julia Henderson joined the Board in May 2018. Prior to this she was a non-executive director of Amati VCT plc which merged with the Company in 2018. She has specialised in advising quoted and unquoted companies for over thirty years. Her corporate finance career began at ANZ Merchant Bank after which she became a co-founder and a director of Beeson Gregory Limited, a mid-market investment bank. Since 2004 she has been an independent consultant, chairman and non-executive director to companies across a broad range of sectors. Previous non-executive directorships include Alkane Energy plc, ECO Animal Health Group plc, GTL Resources plc and TP Group plc.

    Brian Scouler

    Non-Executive Director

    Brian Scouler joined the Board in May 2018. Prior to this he was a non-executive director of Amati VCT plc which merged with the Company in May 2018. He spent 30 years in Private Equity in senior roles with Charterhouse, Royal Bank of Scotland and Dunedin. He has wide experience of buying and selling private companies and investment portfolio management, sitting on numerous investee company boards. He was formerly manager of a quoted investment trust and a member of the steering committee of LPEQ, the listed private equity group. He is a Chartered Accountant.

    Neeta Patel

    Non-Executive Director

    Neeta joined the Board in May 2025. Neeta is a non-executive director of Allianz Technology Trust plc and European Opportunities Trust plc and was previously a director of Albion Venture Capital Trust plc. Neeta's experience includes senior roles at Legal & General, ft.com and the British Council. She was the founding CEO of the Centre for Entrepreneurs, a board adviser at Tech London Advocates, a member of the advisory board at City University Ventures and an entrepreneur mentor-in-residence at London Business School. In October 2020, Neeta was awarded a CBE in the Queen’s Honours list for services to entrepreneurship and technology.

    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

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