Less Ads, More Data, More Tools Register for FREE

Pin to quick picksMaven Income and Growth VCT 2 Regulatory News (MIG2)

Share Price Information for Maven Income and Growth VCT 2 (MIG2)

Share Price is delayed by 15 minutes
Get Live Data
0.00    0.00 (0.00%)
Bid:
0.00
Ask:
0.00
Spread: 0.00 (0.00%)
Market Cap: -
MIG2 Live PriceLast checked at - London Stock Exchange

Intraday Maven Income and Growth VCT 2 Share Chart

Interim Management Statement

19 Jun 2014 16:17

RNS Number : 0842K
Maven Income and Growth VCT 2 PLC
19 June 2014
 

Maven Income and Growth VCT 2 PLC (the Company)

 

This Interim Management Statement, for the quarter ended 30 April 2014, is provided in accordance with Rule 4.3 of the Disclosure and Transparency Rules of the UK Listing Authority and also includes relevant information in respect of the period from 1 May 2014 to the date of issue. This Statement has been prepared solely to provide information in order to meet the relevant requirements of the UK Listing Authority's Disclosure and Transparency Rules and should not be relied on by Shareholders, or any other party, for any other purpose.

 

1. Financial highlights

· Net asset value (NAV)1 per Ordinary Share of 60.05p at 30 April 2014, compared to 60.70p at 31 January 2014;

· NAV total return2 of 86.52p at 30 April 2014, compared to 87.17p at 31 January 2014; and

· Final dividend of 2.00p per Ordinary Share approved for payment on 20 June 2014.

 

1The NAV is unaudited and reflects the closing bid price of quoted securities at 30 April 2014. Unlisted companies are normally valued on a six-monthly basis; the NAV incorporates the Directors' valuation of unlisted investments as at 31 January 2014, adjusted for subsequent events where appropriate.

2NAV total return is the sum of NAV and dividends paid per Ordinary Share since launch.

 

2. Investments and disposals

During the quarter ended 30 April 2014, a total of £1,771,723 was invested in eight unlisted businesses and £999,174 was invested in UK government securities. During the same period the full or partial disposal of holdings in three unlisted or AIM quoted investments generated proceeds of £963,222 against a cost of £1,372,412.

 

3. Recent developments

Between 1 May 2014 and the date of this statement, a total of £130,327 of additional funding was provided to two private companies in the portfolio and a net amount of £498,928 was invested in UK government securities. During the same period, the full or partial disposal of four holdings in unlisted companies generated aggregate proceed of £317,392 against a total cost of £274,497. In addition, proceeds and a gain of £19,136 was realised following the partial sale of two quoted investments.

 

Other than as described above and the impact of movements related to the prices of shares in quoted securities, the Board is not aware of any material events during the period from 1 February 2014 to 30 April 2014, or in the period from 1 May 2014 to the date of this announcement, which would have had a material impact on the financial position of the Company.

 

Issued on behalf of the Board

 

Maven Capital Partners UK LLP

Secretary

 

19 June 2014

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
IMSMMGMVKLVGDZM
Date   Source Headline
4th Oct 20132:32 pmRNSTransaction in Own Shares
2nd Oct 20134:03 pmRNSTransaction in Own Shares
2nd Oct 20137:00 amRNSDirector/PDMR Shareholding
27th Sep 201310:09 amRNSHalf Yearly Report
25th Sep 201311:24 amRNSStatement re Proposed Joint Fund Raising
26th Jun 20134:35 pmRNSTransaction in Own Shares
24th Jun 20132:55 pmRNSTransaction in Own Shares
20th Jun 20135:02 pmRNSTransaction in Own Shares
19th Jun 20134:10 pmRNSTransaction in Own Shares
18th Jun 20132:20 pmRNSChange of Registered Office
13th Jun 20133:55 pmRNSInterim Management Statement
11th Jun 20131:45 pmRNSResult of AGM
3rd May 20132:35 pmRNSAnnual Financial Report
30th Apr 20133:01 pmRNSTransaction in Own Shares
26th Apr 20133:01 pmRNSTransaction in Own Shares
26th Apr 20132:56 pmRNSIssue of Equity
24th Apr 20135:06 pmRNSTransaction in Own Shares
22nd Apr 20132:17 pmRNSTransaction in Own Shares
19th Apr 20133:35 pmRNSTransaction in Own Shares
16th Apr 20134:10 pmRNSDirector/PDMR Shareholding
15th Apr 20134:05 pmRNSDirector/PDMR Shareholding
15th Apr 20134:03 pmRNSDirector/PDMR Shareholding
15th Apr 20134:01 pmRNSDirector/PDMR Shareholding
12th Apr 201312:37 pmRNSTransaction in Own Shares
8th Apr 20137:00 amRNSIssue of Equity
5th Apr 20136:08 pmRNSIssue of Equity
28th Mar 20134:18 pmRNSNet Asset Value and Proposed Final Dividend
5th Mar 20134:12 pmRNSIssue of Equity
11th Feb 20135:42 pmRNSOffer for Subscription - Update
23rd Jan 20134:59 pmRNSIssue of Equity
21st Dec 20122:28 pmRNSTransaction in Own Shares
20th Dec 20123:03 pmRNSTransaction in Own Shares
14th Dec 20123:29 pmRNSInterim Management Statement
8th Oct 20124:29 pmRNSTransaction in Own Shares
2nd Oct 201212:42 pmRNSTransaction in Own Shares
1st Oct 20123:21 pmRNSTransaction in Own Shares
28th Sep 20122:38 pmRNSHalf Yearly Report
20th Aug 20122:34 pmRNSDirector/PDMR Shareholding
10th Jul 20121:01 pmRNSTransaction in Own Shares
9th Jul 20125:12 pmRNSTransaction in Own Shares
5th Jul 20123:46 pmRNSTransaction in Own Shares
4th Jul 20123:05 pmRNSTransaction in Own Shares
3rd Jul 20123:16 pmRNSTransaction in Own Shares
2nd Jul 20121:19 pmRNSTransaction in Own Shares
29th Jun 20124:11 pmRNSTransaction in Own Shares
28th Jun 20124:24 pmRNSTransaction in Own Shares
25th Jun 20123:33 pmRNSTransaction in Own Shares
22nd Jun 20122:43 pmRNSTransaction in Own Shares
21st Jun 201211:14 amRNSTransaction in Own Shares
19th Jun 20124:51 pmRNSInterim Management Statement

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.