Maven Income & Growth VCT PLC Update on Net Asset Value (7814H)
27 March 2020 - 4:25AM
UK Regulatory
TIDMMIG1
RNS Number : 7814H
Maven Income & Growth VCT PLC
26 March 2020
Maven Income and Growth VCT PLC
Update on Net Asset Value
The Board of Maven Income and Growth VCT PLC (the Company)
announces that, as at 20 March 2020, the unaudited net asset value
(NAV) of the Company was 43.49p per share.
The NAV as at 20 March 2020 is unaudited and reflects the
closing bid price of quoted securities as at that date. Investments
in unlisted companies are normally valued on a six-monthly basis
and the NAV incorporates the Directors' valuation of unlisted
investments as at 30 November 2019, adjusted for subsequent events
where appropriate.
The rapidly evolving situation around the impact of the COVID-19
pandemic, including measures announced by business and government,
has resulted in a period of considerable uncertainty for all UK
businesses and global financial markets. Where possible, Maven is
working closely with the management team of every investee company
and the Board to assess the likely impact across the portfolio.
However, at this stage, the Board has considered it prudent to
apply a provision to the valuations of certain investments
principally in those sectors which are consumer facing and which
will be most immediately affected by the current situation.
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU No. 596/2014). Upon the
publication of this announcement via a Regulatory Information
Service this inside information is now considered to be in the
public domain.
Issued on behalf of the Board
Maven Capital Partners UK LLP
Company 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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