Maven Income and Growth VCT 6 PLC Dividend Declaration (6861F)

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RNS Number : 6861F

Maven Income and Growth VCT 6 PLC

22 February 2018

Maven Income and Growth VCT 6 PLC

Declaration of Interim Dividend

The Directors of Maven Income and Growth VCT 6 PLC (the Company) are pleased to announce that, following a number of recent profitable realisations and to ensure that the Company will continue to comply with the VCT regulations at all times, the Board considers it appropriate to declare the payment of an interim dividend of 1.75p per Ordinary Share in respect of the year ending 31 March 2018, to be paid on 29 March 2018 to Shareholders on the register at close of business on 2 March 2018.

As highlighted by the Board in the Annual Report for the year ended 31 March 2017, Shareholders should be aware that, the move to invest in development capital and growth finance opportunities, as required by the revised VCT legislation, is likely to result in less predictable capital gains and income flows that could result in the quantum and timing of future dividend payments being subject to fluctuation.

Dividend Investment Scheme

The Directors have also resolved to re-introduce the Dividend Investment Scheme (DIS), which was suspended on 24 August 2015 due to the uncertainty regarding the potential impact of the Finance Bill (No. 2) 2015. Now that there is more clarity regarding the investment criteria that apply to VCTs, and with the Company having completed two successful fundraisings in recent years, the DIS has been reinstated with immediate effect.

Shareholders who had previously elected to participate in the DIS will revert to receiving new shares with effect from 29 March 2018, being the payment date of the interim dividend, unless they advise the Company otherwise prior to the dividend election date of 16 March 2018.

Shareholders who had not previously applied to participate in the DIS and who now wish to do so, should ensure that a mandate form, or CREST instruction if appropriate, is submitted to the Company's registrar, Link Asset Services, prior to the dividend election date of 16 March 2018.

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, www.mavencp.com/migvct6 .

Issued on behalf of the Board

Maven Capital Partners UK LLP

Company Secretary

22 February 2018

This information is provided by RNS

The company news service from the London Stock Exchange

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February 22, 2018 09:00 ET (14:00 GMT)