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
Brian Phillips as an independent Non-executive Director, with
effect from 1 January 2025.
Brian is a member of the Institute of
Chartered Accountants of Scotland and has over 35 years' Board
level experience across industry, private equity investment and
corporate finance. He is a member of the Advisory Boards of Harwood
Private Equity III, IV, V and VI and is a partner in Imbiba, a
small UK private equity business in the hospitality
sector.
He is currently a non-executive
director of AIM-quoted Tissue Regenix Group Plc, a healthcare
business providing wound care products, and NAHL Group Plc, a
provider of services to catastrophic injury sufferers, together
with legal services. He is also a director of Motocaddy Limited, a
distributor of golf products; Purple Dragon (Holdings) Limited, a
high end family club operator; and Pet Mate Limited, a distributor
of pet products and accessories.
Brian 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), currently scheduled to be held on
29 April 2025.
As at the date of this announcement,
he has no current beneficial interest in
the Company's Ordinary Shares and, in relation to his 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 Gordon Humphries, who has served as
an independent Non-executive Director since 7 February 2006 and as
Chair of the Audit and Risk Committees, has decided to retire at
the conclusion of the 2025 AGM and will not stand for
re-election.
The Board would like to thank Gordon
for his many years of dedication and commitment to the Company in
his role as Non-executive Director and as Chair of the Audit and
Risk Committees, including overseeing the appointment of Maven
Capital Partners UK LLP as Manager and the Company adopting a new
investment policy, allowing its transition from an AIM focussed VCT
to a hybrid private equity and AIM investment vehicle. The Board
wishes Gordon every success for the future.
Following Gordon's retirement, Brian
Phillips will assume the role of Chair of the Audit and Risk
Committees.
Maven Capital Partners UK LLP
Company Secretary
17
December 2024
