Statement re Dividend Investment Scheme
Updated : 15:10
Maven Income and Growth VCT 5 PLC
Net Asset Value (NAV) - Dividend Investment Scheme (DIS)
The Board of Maven Income and Growth VCT 5 PLC (the Company) has announced previously that the NAV per share of the Company as at 31 May 2021 was 38.54p and that an interim dividend of 0.6p per share in respect of the year ending 30 November 2021 would be paid on 10 September 2021, to Shareholders on the register at close of business on 13 August 2021. Furthermore, in respect of Shareholders who had, by no later than 27 August 2021, elected to participate in the DIS, the Company will use the amount paid in respect of the above interim dividend to subscribe for new ordinary shares of 10p each in the Company (Ordinary Shares) to be issued at a price equivalent to the latest announced NAV per share.
The Board confirms that, following the payment of the above dividend, the effective NAV per share of the Company is 37.94p and that this will be the price used in the calculation of the number of Ordinary Shares to be allotted under the DIS in respect of the interim dividend, the issue of which will be confirmed in a separate announcement in due course.
Issued on behalf of the Board
Maven Capital Partners UK LLP
Secretary
7 September 2021
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.