Maven Income and Growth VCT 3 PLC Dividend Declaration (6194U)
October 25 2017 - 9:57AM
UK Regulatory
TIDMMIG3
RNS Number : 6194U
Maven Income and Growth VCT 3 PLC
25 October 2017
Maven Income and Growth VCT 3 PLC
Declaration of Interim Dividend
In the Annual Report for the year ended 30 November 2016, the
Board highlighted that less predictable capital gains and income
flows could result in the quantum and timing of future dividend
payments being subject to fluctuation. Due to a combination of
circumstances, including a number of recent profitable realisations
and the requirement to ensure that the Company will continue to
comply with the VCT regulations at all times, in addition to the
interim dividends paid on 14 July and 15 September 2017, the Board
has considered it appropriate to declare the payment of a further
interim dividend.
Therefore, the Directors now declare that a third interim
dividend of 6.67p per Ordinary Share in respect of the year ending
30 November 2017 is to be paid on 30 November 2017 to Shareholders
on the register at close of business on 3 November 2017.
Dividend Investment Scheme (DIS)
The Company has in place a DIS through which Shareholders may
elect to have their dividend payments used to apply for additional
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.
Shareholders who have not previously applied to participate in
the DIS and who wish to do so in respect of the dividend payable on
30 November 2017, should ensure that a mandate form, or CREST
instruction if appropriate, is submitted prior to the dividend
election date of 17 November 2017.
Issued on behalf of the Board
Maven Capital Partners UK LLP
Company Secretary
25 October 2017
This information is provided by RNS
The company news service from the London Stock Exchange
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