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 regular dividend income for its Shareholders while complying with the requirements of the rules and regulations applicable to VCTs. 

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    Financial highlights

    As at 31 January 2026

    £86.25m

    Net Asset Value (NAV)

    60.92p

    NAV per Ordinary Share

    213.26p

    NAV Total Return per Ordinary Share*

     

    3.50p

    Special dividend per Ordinary Share**

    152.34p

    Cumulative dividends paid per Ordinary Share

    19.64%

    Annual yield***

    * Sum of current NAV per Ordinary Share and cumulative dividends paid per Ordinary Share to date as at the year end (excluding initial tax relief).
    ** In respect of the year ending 31 January 2027.
    *** In line with the updated dividend policy, the Board aims to pay annual dividends amounting to 6% of the Company's NAV per Ordinary Share at the immediately preceding year end.

    Key information

    Ordinary Shares in Issue

    (total voting rights)
    128,707,235 (as at 4 June 2026)

    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

    Saddlers House, 6th Floor, 44 Gutter Lane, London EC2V 6BR
    Company No. 04138683

    Latest/Announced AGM

    24 June 2026

    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

    Maven Renovar Share Certificates

    Original Amati share certificates remain valid and are not required to be replaced

    Maven Renovar Quarterly Factsheet

    Inside, you will find an updated overview of NAV, sector allocation, portfolio structure and the main factors influencing performance during the quarter, supported by the Manager’s commentary on the outlook for the VCT.

    If you would like to receive future factsheets and other news from the VCT, please notify the registrar, City Partnership, or subscribe to our email updates

    Download the factsheet

    Download the Maven Renovar Fund Factsheet - June 2026

    Performance

    NAV Total Return Performance

     

     

    Dividends

    The Board aims to pay annual dividends of 6% 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 155.84p

    Year Ended January
    Payment Date
    Interim/final/special
    Rate (p)
    2027

    8 May 2026

    Special
    3.50
    2026

    14 November 2025

    Interim
    2.50
     

    14 November 2025

    Special
    2.50
    2025

    30 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

     

     

    Portfolio Analysis

    As at 31 January 2026

     

    Top 10 Investments

    1. The Property Franchise group PLC

    Letting and estate agency

    Cost £1,028,000 | Valuation £4,353,000
    % of net asset by value 5.0

    2. 2 Degrees Limited (trading as Secaro)

    Developer of a specialist software reporting platform

    Cost £2,702,000 | Valuation £4,050,000
    % of net asset by value 4.8

    3. Craneware PLC

    Software company that offers services for healthcare

    Cost £3,609,000 | Valuation £3,899,000
    % of net asset by value 4.2
     

    4.  Diaceutics PLC 

    Diagnostic commercialisation platform for precision medicine

    Cost £1,538,000 | Valuation £3,400,000
    % of net asset by value 3.9
     

    5. Chorus Intelligence Limited

    Investigated software provider for central government

    Cost £3,000,000 | Valuation £2,849,000
    % of net asset by value 3.3

    6. GB Group PLC

    Identify verification, location intelligence and fraud prevention

    Cost £3,203,000 | Valuation £2,705,000
    % of net asset by value 3.1
     

    7. SRT Marine Systems PLC

    Technology driven solutions

    Cost £839,000 | Valuation £2,503,000
    % of net asset by value 2.9
     

    8. Tan Delta Systems PLC

    Develops real-time oil analysis and analytical technologies

    Cost £1,875,000 | Valuation £2,425,000
    % of net asset by value 2.8
     

    9. EnSilica PLC

    Computer chip designer that specialises in mixed signal application specific integrated circuits

    Cost £1,530,000 | Valuation £2,292,000
    % of net asset by value 2.8

    10. Aurrigo International PLC

    Designer and manufacturer of OEM products and autonomous vehicles

    Cost £1,325,000 | Valuation £2,311,000
    % of net asset by value 2.7

    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.

    Annual General Meeting 2026

    The Company’s forthcoming AGM will be held on 24 June 2026. Please download the Notice of AGM, Form of Proxy and, in relation to the proposed changes to the Company’s investment policy, further information from Maven on its private company investment strategy.

    Board of Directors

    Fiona Wollocombe

    Non-Executive Chair

    Fiona Wollocombe was appointed to the Board in June 2021 and was appointed Chairman in June 2022. 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 Artemis VCT Plc, Maven Income and Growth VCT PLC, Kings Arms Yard VCT plc, and Albion Technology & General VCT 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 CBE

    Non-Executive Director

    Neeta joined the Board in May 2025. Neeta is a non-executive director of Pembroke VCT plc, 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.

    Robert Legget

    Non-Executive Director

    Robert Legget joined the Board in June 2025. Robert is a seasoned financial professional with over two decades of industry experience. He co-founded Progressive Value Management Limited (PVML) in 2000, a firm dedicated to unlocking value and liquidity for institutional investors in underperforming companies. He served as Chairman of PVML until stepping down in 2023. Robert has held several prominent directorships, including roles at Quayle Munro Holdings plc, Sureserve Group plc, Trian Investors 1 Limited, CT Private Equity Trust plc, R & Q Insurance Holdings Limited, and Downing Strategic Micro-Cap Investment Trust plc. Robert is a member of the Institute of Chartered Accountants of Scotland and is widely respected for his expertise in shareholder value creation.

     

    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: registrars@city.uk.com

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