Maven Income and Growth VCT 3 PLC

Maven Income and Growth VCT 3 PLC is a generalist VCT aiming to achieve long-term capital appreciation and generate income for Shareholders by investing in ambitious UK smaller companies with growth potential.

Current Offer

Maven shareholders and new investors have the opportunity to invest in joint Offers from two established Maven VCTs. The Offers provide immediate access to an existing portfolio of private and AIM quoted companies, whilst allowing investors to benefit from generous tax incentives. Early investment incentives are currently available.

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Financial highlights

As at 31 August 2021

£49.58m

Net Asset Value

62.8p*

NAV per Ordinary Share

151.97p

NAV Total Return per Ordinary Share

90.42p

Dividends paid to date per Ordinary Share

96

Unlisted and quoted investments

17.39%**

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 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 information

Ordinary Shares in Issue

(total voting rights)
78,660,439 (at 24 November 2021)

History

Launched - September 2001. Maven Income and Growth VCT 3 PLC was formerly known as Aberdeen Growth Opportunities VCT PLC.

Registered Office

Fifth Floor, 1-2 Royal Exchange Buildings, London, EC3V 3LF
04283350

Latest/Announced AGM

7 April 2021 (Glasgow)

Next Continuation Vote

2027

Live Share Price

To view Share Price and LSE announcements please click here.

Performance

NAV Total Return per share

 

Dividends

 

Total Dividends Paid or Declared 90.42

 

Year Ended November
Payment Date
Interim/Final
Rate (p)
2021
10 September 2021 Interim
1.25
2020
16 April 2021 Final
1.00
  28 August 2020 Interim
2.00
2019
17 April 2020 Final
2.00
  30 August 2019 Interim
2.00
2018
22 June 2018 Second Interim
5.25
  13 April 2018 First Interim
5.70
2017
30 November 2017 Third Interim
6.67
  15 September 2017 Second Interim
5.14
  14 July 2017 Interim
2.71
2003 - 2016
   
56.70

 

Dividend Investment Scheme

Maven Income and Growth VCT 3 PLC operates a dividend investment scheme (DIS). Terms and Conditions (and features of the scheme), and a mandate form for participating in the DIS, are available to download in the Shareholder Documents section below.

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, Link Market Services, using the contact details above.

MIG3 Current Reports and Accounts

MIG 3 Interim Report 2021
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MIG 3 Annual Report 2020
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See all Historical Reports and Accounts
Click here
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MIG3 Current Circulars and KIDs

2021 AGM Shareholder questions & responses
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2021 AGM voting and results
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MIG 3 KID (secondary market)
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MIG 3 KID (primary market)
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See all Historical Circulars and KIDs
Click here
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MIG3 Dividend Investment Scheme

MIG3 Mandate Form
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MIG3 Key Features/T&Cs
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VCT Board of Directors

Atul Devani

Chairman and Independent Non-executive Director

Atul has held a number of senior positions in software technology companies operating in various sectors including finance, mobile, telecoms, food & drink, health and pharmaceuticals. He was founder and chief executive officer of AIM listed United Clearing Plc, which was sold to BSG in 2006. He is currently a director of, and an investor in, a number of private limited companies, including the GP Service (UK) Limited, and is also mentor of entrepreneurs at the Company of Information Technologists in the City of London. Atul has a First Class Honours Degree in Electronic Engineering from the University College of North Wales.

David Allan

Independent Non-executive Director

David is a legally qualified corporate finance practitioner with significant experience in equity investment, M&A, VCTs and AIM. He is currently an executive director of Aridhia Informatics Limited, a private equity backed technology company. He is also a partner of Davidson Chalmers Stewart LLP, a commercial law firm based in Glasgow. Prior to this, David was a partner with Biggart Baillie LLP and Brodies LLP.

Bill Nixon

Non-executive Director

Bill is managing partner of Maven Capital Partners UK LLP (Maven) and has more than 40 years’ experience in banking and private equity. He is a Fellow of the Chartered Institute of Bankers in Scotland and obtained an MBA from Strathclyde University in 1996. In the 1990s, Bill was head of the private equity business at Clydesdale Bank plc, a subsidiary of National Australia Bank, before joining Aberdeen Asset Management plc (Aberdeen) in 1999. In 2004 he was appointed as principal fund manager to all Aberdeen managed VCTs. In 2009, Bill and his senior colleagues led a management buy-out from Aberdeen to form Maven. He is also a director of Maven Income and Growth VCT 4.

Keith Pickering

Independent Non-executive Director

Keith is a Fellow of the Institute of Chartered Accountants of England and Wales. He is a partner at Alantra Corporate Finance, formerly Catalyst Corporate Finance, which he founded in 1998 along with two others and where he leads the industrials sector team in the UK. Over the past twenty years he played a major role in the growth of Catalyst and in September 2017 the business was sold to Alantra Group, the Spanish listed mid-market investment bank. Prior to establishing Catalyst, Keith spent thirteen years at the successor firms of PwC and Deloitte, including a three year period in the Far East, operating out of Hong Kong.

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

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