Maven Income and Growth VCT 3 PLC Statement re NAV and Interim Dividend (4204H)
August 03 2021 - 5:31AM
UK Regulatory
TIDMMIG3
RNS Number : 4204H
Maven Income and Growth VCT 3 PLC
03 August 2021
Maven Income and Growth VCT 3 PLC
Unaudited Net Asset Value (NAV) and Interim Dividend
The Directors of Maven Income and Growth VCT 3 PLC (the Company)
confirm that the unaudited NAV of the Company as at 31 May 2021 was
60.76p per Ordinary Share. This is an increase of 2.51p since the
previously announced NAV of 58.25p as at 28 February 2021, and
represents an uplift of 4.31%. The NAV increase is largely
attributable to several profitable realisations, all of which
completed at valuations ahead of carrying value, alongside uplifts
to the valuations of companies that are delivering growth in
recurring revenues. In addition, on 22 July 2021, GEN InCode was
successfully floated on AIM, raising GBP17 million and achieving a
market capitalisation at listing of GBP42 million.
The Board is pleased to declare that an interim dividend of
1.25p per Ordinary Share, in respect of the year ending 30 November
2021, will be paid on 10 September 2021 to Shareholders on the
register at close of business on 13 August 2021. Since the
Company's launch, and after receipt of this latest dividend, 90.42p
per share will have been distributed in tax-free dividends. It
should be noted that the effect of paying a dividend is to reduce
the NAV of the Company by the total cost of the distribution.
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/migvct3 .
Shareholders who have not previously applied to participate in
the DIS and who wish to do so in respect of the dividend payable on
10 September 2021 , should ensure that a mandate form, or CREST
instruction if appropriate, is submitted prior to the dividend
election date of 27 August 2021.
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 interim results for the six months ended
31 May 2021 has been or will be notified to a regulatory
information service.
Issued on behalf of the Board
Maven Capital Partners UK LLP
Secretary
3 August 2021
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
STRBGGDIRDGDGBX
(END) Dow Jones Newswires
August 03, 2021 06:31 ET (10:31 GMT)
Maven Income And Growth ... (LSE:MIG3)
Historical Stock Chart
From Apr 2024 to May 2024
Maven Income And Growth ... (LSE:MIG3)
Historical Stock Chart
From May 2023 to May 2024
