Maven Income and Growth VCT 3 PLC Dividend Declaration (1727H)
09 March 2018 - 2:30AM
UK Regulatory
TIDMMIG3
RNS Number : 1727H
Maven Income and Growth VCT 3 PLC
08 March 2018
Maven Income and Growth VCT 3 PLC
Declaration of Interim Dividend
The Directors of Maven Income and Growth VCT 3 PLC (the Company)
are pleased to announce that, following a number of recent
profitable realisations and to ensure that the Company will
continue to comply with the VCT regulations at all times, they
consider it appropriate to declare an interim dividend of 5.70p per
Ordinary Share in respect of the year ending 30 November 2018, to
be paid on 13 April 2018 to Shareholders on the register at close
of business on 16 March 2018.
As highlighted by the Board in the Annual Report for the year
ended 30 November 2016, Shareholders should be aware that, the
increased focus on investment in development capital and growth
finance opportunities, as required by the revised VCT legislation,
is likely to result in less predictable capital gains and income
flows that may result in the quantum and timing of future dividend
payments being subject to fluctuation.
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
13 April 2018, should ensure that a mandate form, or CREST
instruction if appropriate, is submitted prior to the dividend
election date of 3 April 2018.
Issued on behalf of the Board
Maven Capital Partners UK LLP
Company Secretary
8 March 2018
This information is provided by RNS
The company news service from the London Stock Exchange
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