Share Name Share Symbol Market Type Share ISIN Share Description
Maven Income And Growth Vct 5 Plc LSE:MIG5 London Ordinary Share GB0002057536 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 30.00 29.00 31.00 30.00 30.00 30.00 0.00 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.0 0.2 0.1 250.0 37

Maven Income and Growth VCT 5 PLC Suspension of Dividend Investment Scheme (DIS)

26/03/2020 5:01pm

UK Regulatory (RNS & others)


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Maven Income and Growth VCT 5 PLC

26 March 2020

Maven Income and Growth VCT 5 PLC (the Company)

Suspension of Dividend Investment Scheme (DIS)

In light of the current volatility in financial markets caused by the global coronavirus pandemic, the Board has decided that it is appropriate to suspend the DIS with immediate effect. Whilst it is too early to assess the full impact on the core unlisted portfolio holdings, there has been an impact on the AIM portfolio and listed liquidity management assets as a result of wider market movements and increased trading volumes. The Board is aware that the Manager is working actively with each investee company to understand the full impact of the virus and is taking protective action as quickly as possible on a case by case basis. The Board anticipates providing a further update shortly.

Further to this, the proposed final dividend for the financial year to 30 November 2019 of 1.10p per Ordinary Share, payable on 1 May 2020, and all subsequent dividends, until further notice, will be paid to Shareholders by either cheque or bank transfer using existing mandate instructions. Written confirmation of this suspension in the operation of the DIS will be issued to those Shareholders who have elected to participate.

Issued on behalf of the Board

Maven Capital Partners UK LLP

Secretary

26 March 2020

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.

END

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March 26, 2020 13:01 ET (17:01 GMT)

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