Maven Income & Growth VCT PLC Statement re Dividend Investment Scheme (1164U)
November 20 2019 - 10:44AM
UK Regulatory
TIDMMIG1
RNS Number : 1164U
Maven Income & Growth VCT PLC
20 November 2019
Maven Income and Growth VCT PLC
Net Asset Value (NAV) - Dividend Investment Scheme (DIS)
The Board of Maven Income and Growth VCT PLC (the Company) has
announced previously that the NAV per share of the Company as at 31
August 2019 was 48.48p and that an interim dividend of 2.00p per
share in respect of the year ending 29 February 2020 would be paid
on 22 November 2019, to Shareholders on the register at close of
business on 25 October 2019. Furthermore, in respect of
Shareholders who had, by no later than 8 November 2019, elected to
participate in the DIS, the Company will use the amount paid in
respect of the above interim dividend to subscribe for new ordinary
shares of 10p each in the Company (Ordinary Shares) to be issued at
a price equivalent to the latest announced NAV per share.
The Board confirms that, following the payment of the above
dividend, the effective NAV per share of the Company will be 46.48p
and that this will be the price used in the calculation of the
number of Ordinary Shares to be allotted under the DIS in respect
of the interim dividend. The issue of such shares will be confirmed
in a separate announcement in due course.
Issued on behalf of the Board
Maven Capital Partners UK LLP
Secretary
20 November 2019
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END
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