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

Maven Income and Growth VCTAnnouncement

25/04/2025 16:30

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RNS Number : 2970G  Maven Income & Growth VCT PLC  25 April 2025

Maven Income and Growth VCT PLC

 

Unaudited Net Asset Value and Proposed Final Dividend

 

Unaudited Net Asset Value

On 24 March 2025, the Directors of Maven Income and Growth VCT PLC (the
Company) announced that the unaudited net asset value of the Company as at 28
February 2025 was 39.37p 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 28 February 2025 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 1.25p per Ordinary Share in
respect of the year ended 28 February 2025, be paid on 18 July 2025 to
Shareholders on the register at close of business on 20 June 2025. This will
bring the annual dividend to 2.40p per Ordinary Share, representing an annual
yield of 6.08% based on the NAV at the immediately preceding year end.

 

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 website at: www.mavencp.com/migvct
(http://www.mavencp.com/migvct) .

Shareholders who have not previously applied to participate in the DIS and who
wish to do so in respect of the dividend payable on 18 July 2025, should
ensure that a mandate form, or CREST instruction if appropriate, is received
by the Registrar, The City Partnership (UK) Limited, prior to the dividend
election date of 4 July 2025.

 

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
28 February 2025 has been or will be notified to a regulatory information
service.

 

Issued on behalf of the
Board

Maven Capital Partners UK LLP

Secretary

 

25 April 2025

 

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