Maven Income and Growth VCT 3 PLC Dividend Declaration (4845O)
May 17 2018 - 11:30AM
UK Regulatory
TIDMMIG3
RNS Number : 4845O
Maven Income and Growth VCT 3 PLC
17 May 2018
Maven Income and Growth VCT 3 PLC (the Company)
Declaration of Second Interim Dividend
The Directors of Maven Income and Growth VCT 3 PLC are pleased
to announce that, following a number of profitable realisations and
to ensure that the Company continues to comply with the VCT
regulations at all times, they consider it appropriate to declare a
second interim dividend in respect of the year ending 30 November
2018. It is confirmed that a payment of 5.25p per Ordinary Share
will be made on 22 June 2018 to Shareholders on the register at
close of business on 25 May 2018.
As highlighted by the Board in the Annual Report for the year
ended 30 November 2017, decisions on future distributions will take
into consideration the availability of surplus revenue, the
adequacy of reserves, the proceeds from any further realisations
and the VCT qualifying levels of the portfolio, all of which are
kept under close review by the Board and the Manager.
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 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
22 June 2018, should ensure that a mandate form, or CREST
instruction if appropriate, is submitted prior to the dividend
election date of 11 June 2018.
Issued on behalf of the Board
Maven Capital Partners UK LLP
Company Secretary
17 May 2018
This information is provided by RNS
The company news service from the London Stock Exchange
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