Maven Income and Growth VCT 5 PLC Directorate Change (6522K)

TIDMMIG5

RNS Number : 6522K

Maven Income and Growth VCT 5 PLC

29 August 2023

Maven Income and Growth VCT 5 PLC

Directorate Change

Appointment of Director

The Board of Maven Income and Growth VCT 5 PLC ("the Company") is pleased to announce the appointment of Jane Stewart as an independent Non-executive Director, with effect from 1 September 2023.

Jane is a member of the Institute of Chartered Accountants of Scotland and has over 25 years' Board level experience across industry, equity investment and corporate finance. She has served as chair and non-executive director on many private company boards at varying stages of growth, predominantly in the environmental and technology sectors. Jane is an ambassador of Women's Enterprise Scotland, a Women in Innovation 2022 National Award Winner, and achieved the accolade of Highly Commended Scottish Businesswoman of the Year 2017. She is currently a non-executive director of Macphie Limited, a family owned added-value food ingredients manufacturer; Offshore Renewable Energy (ORE) Catapult, the UK's leading technology, innovation and research centre for offshore renewable energy; and Topolytics Limited, a waste data analytics and insights company.

Jane will also serve on the Company's Audit, Management Engagement, Nomination, Remuneration and Risk Committees, and will stand for election by Shareholders at the Annual General Meeting (AGM) to be held in 2024.

As at the date of this announcement, she has no current beneficial interest in the Company's Ordinary Shares and, in relation to her appointment, there is no additional information required to be disclosed pursuant to Listing Rule 9.6.13 R .

Retirement of Director

As required by Listing Rule 9.6.11, the Company also advises that Charles Young, who has served as an independent Non-executive Director since 1 June 2013 and as Chair of the Remuneration Committee since 6 October 2020, will retire at the AGM to be held in 2024 and will not stand for re-election.

Maven Capital Partners UK LLP

Company Secretary

29 August 2023

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