Net Asset Value and Dividend Declarations

RNS Number : 4130W

Maven Income & Growth VCT PLC

26 April 2016

 

Maven Income and Growth VCT PLC

Net Asset Value and Dividend Declarations

The Directors of Maven Income and Growth VCT PLC (the Company) confirm that the unaudited net asset value of the Company as at 29 February 2016 was 68.1p per Ordinary Share.

The Directors intend that the full dividend for the year ended 29 February 2016 should be 6.0p per Ordinary Share (2015: 5.9p), of which 2.4p was paid as an interim dividend on 27 November 2015. Furthermore, in order to ensure that the Company will continue to comply with the VCT regulations at all times, part of the balance of the distribution for the year is to be paid as a second interim dividend.

Therefore, the Directors declare that a second interim dividend in respect of the year ended 29 February 2016, of 2.4p per Ordinary Share, is to be paid on 27 May 2016 to Shareholders on the register at close of business on 6 May 2016.

Subject to the approval of Shareholders at the Annual General Meeting to be held on 7 July 2016, the Directors also propose that a final dividend in respect of the year ended 29 February 2016, of 1.2p per Ordinary Share, be paid on 15 July 2016 to Shareholders on the register at close of business on 17 June 2016.

In accordance with Listing Rule 15.5.1, and further to the information disclosed above, the Directors confirm that they are satisfied that all price-sensitive information that the Directors and the Company may have in their possession relating to the Company during the period leading up to the announcement of its annual results for the year ended 29 February 2016 has been notified to a regulatory information service.

Issued on behalf of the Board

Maven Capital Partners UK LLP

Secretary

26 April 2016

 

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