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25 Oct 2017 14:57
Maven Income and Growth VCT 3 PLC
Declaration of Interim Dividend
In the Annual Report for the year ended 30 November 2016, the Board highlighted that less predictable capital gains and income flows could result in the quantum and timing of future dividend payments being subject to fluctuation. Due to a combination of circumstances, including a number of recent profitable realisations and the requirement to ensure that the Company will continue to comply with the VCT regulations at all times, in addition to the interim dividends paid on 14 July and 15 September 2017, the Board has considered it appropriate to declare the payment of a further interim dividend.
Therefore, the Directors now declare that a third interim dividend of 6.67p per Ordinary Share in respect of the year ending 30 November 2017 is to be paid on 30 November 2017 to Shareholders on the register at close of business on 3 November 2017.
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 additional 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.
Shareholders who have not previously applied to participate in the DIS and who wish to do so in respect of the dividend payable on 30 November 2017, should ensure that a mandate form, or CREST instruction if appropriate, is submitted prior to the dividend election date of 17 November 2017.
Issued on behalf of the Board
Maven Capital Partners UK LLP
Company Secretary
25 October 2017
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