REG - Maven Inc&Grwth 5 - Unaudited NAV and Proposed Final Dividend

Maven Income and Growth VCT 5Announcement

26/02/2025 10:45

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RNS Number : 5536Y  Maven Income and Growth VCT 5 PLC  26 February 2025

 

Maven Income and Growth VCT 5 PLC

 

 

Unaudited Net Asset Value and Proposed Final Dividend

 

Unaudited Net Asset Value

On 13 December 2024, the Directors of Maven Income and Growth VCT 5 PLC (the
Company) announced that the unaudited net asset value of the Company as at 30
November 2024 was 32.39p per Ordinary Share.

 

Proposed Final Dividend

The Directors understand the importance to Shareholders of regular tax free
distributions and, following the

completion of several profitable private company exits, elected to improve the
dividend policy. From the year to 30 November 2024 onwards, the Company has
increased its target annual dividend from 5% to 6% of the NAV per Ordinary
Share at the immediately preceding year end. Shareholders should be aware that
this remains a target and that decisions on distributions take into
consideration a number of factors, including the realisation of capital gains,
the adequacy of distributable reserves, the availability of surplus revenue,
and the VCT qualifying level, all of which are kept under close and regular
review.

 

The Directors propose that a final dividend of 1.00p per Ordinary Share in
respect of the year ended 30 November 2024, be paid on 9 May 2025 to
Shareholders on the register at close of business on 28 March 2025. This will
bring the annual dividend to 2.00p per Ordinary Share, representing an annual
yield of 6.15% based on the NAV at the immediately preceding year end.

 

Since the Company's launch, and after receipt of the proposed final dividend,
a total of 54.00p per Ordinary Share will have been distributed in tax-free
dividends. It should be noted that the effect of paying dividends is to reduce
the NAV of the Company by the total cost of the distribution.

 

Dividend Investment Scheme

The Company has in place a Dividend Investment Scheme (DIS) through which
Shareholders may elect to have their dividend payments used to apply for new
Ordinary Shares issued by the Company under the standing authority requested
from Shareholders at Annual General Meetings. Shares issued under the DIS
should qualify for VCT tax reliefs applicable for the tax year in which they
are allotted. Terms & conditions of the scheme, together with a mandate
form, are available from the Company's webpage at: www.mavencp.com/migvct5
(http://www.mavencp.com/migvct5) .

Shareholders who have not previously applied to participate in the DIS and who
wish to do so in respect of the dividend payable on 9 May 2025, should ensure
that a mandate form is received by the Company's Registrars, The City
Partnership (UK) Limited, prior to the dividend election date of 11 April
2025.  Election to participate in the DIS can also be made through the
Registrar's online investor hub at https://maven-cp.cityhub.uk.com
(https://maven-cp.cityhub.uk.com) .

 

Further to the information disclosed above, the Directors confirm that they
are satisfied that all inside information (as defined by Article 7 of the
Market Abuse Regulation (596/2014/EU)) that the Directors and the Company may
have in their possession relating to the Company during the 30 day closed
period leading up to the announcement of its annual results for the year ended
30 November 2024 has been or will be notified to a regulatory information
service.

 

 

 

Issued on behalf of the Board

Maven Capital Partners UK LLP

Company Secretary

 

26 February 2025

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