Maven Income & Growth VCT PLC Statement re NAV and Interim Dividend (3157D)

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RNS Number : 3157D

Maven Income & Growth VCT PLC

25 April 2017

Maven Income and Growth VCT PLC

Net Asset Value and Dividend Declaration

The Directors of Maven Income and Growth VCT PLC (the Company) confirm that the unaudited net asset value of the Company as at 28 February 2017 was 65.84p per Ordinary Share.

The Directors intend that the full dividend for the year ended 28 February 2017 should be 6.00p per Ordinary Share (2016: 6.00p), of which 2.40p was paid as an interim dividend on 25 November 2016. Furthermore, in order to ensure that the Company will continue to comply with the VCT regulations at all times, the balance of the distribution for the year is to be paid as a second interim dividend.

Therefore, the Directors now declare that a second interim dividend in respect of the year ended 28 February 2017, of 3.60p per Ordinary Share (comprising 0.50p revenue and 3.10p capital), is to be paid on 26 May 2017 to Shareholders on the register at close of business on 5 May 2017. As a result of this declaration, the Directors do not intended to recommend the payment of a final dividend in respect of the year ended 28 February 2017.

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 close period leading up to the announcement of its annual results for the year ended 28 February 2017 has been, or will be, notified to a regulatory information service.

Issued on behalf of the Board

Maven Capital Partners UK LLP

Company Secretary

25 April 2017

This information is provided by RNS

The company news service from the London Stock Exchange

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April 25, 2017 11:57 ET (15:57 GMT)