Maven Income and Growth VCT 6 PLC Dividend Declaration (6861F)
23 February 2018 - 1:00AM
UK Regulatory
TIDMMIG6
RNS Number : 6861F
Maven Income and Growth VCT 6 PLC
22 February 2018
Maven Income and Growth VCT 6 PLC
Declaration of Interim Dividend
The Directors of Maven Income and Growth VCT 6 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, the Board
considers it appropriate to declare the payment of an interim
dividend of 1.75p per Ordinary Share in respect of the year ending
31 March 2018, to be paid on 29 March 2018 to Shareholders on the
register at close of business on 2 March 2018.
As highlighted by the Board in the Annual Report for the year
ended 31 March 2017, Shareholders should be aware that, the move to
invest 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 could result
in the quantum and timing of future dividend payments being subject
to fluctuation.
Dividend Investment Scheme
The Directors have also resolved to re-introduce the Dividend
Investment Scheme (DIS), which was suspended on 24 August 2015 due
to the uncertainty regarding the potential impact of the Finance
Bill (No. 2) 2015. Now that there is more clarity regarding the
investment criteria that apply to VCTs, and with the Company having
completed two successful fundraisings in recent years, the DIS has
been reinstated with immediate effect.
Shareholders who had previously elected to participate in the
DIS will revert to receiving new shares with effect from 29 March
2018, being the payment date of the interim dividend, unless they
advise the Company otherwise prior to the dividend election date of
16 March 2018.
Shareholders who had not previously applied to participate in
the DIS and who now wish to do so, should ensure that a mandate
form, or CREST instruction if appropriate, is submitted to the
Company's registrar, Link Asset Services, prior to the dividend
election date of 16 March 2018.
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, www.mavencp.com/migvct6 .
Issued on behalf of the Board
Maven Capital Partners UK LLP
Company Secretary
22 February 2018
This information is provided by RNS
The company news service from the London Stock Exchange
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