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8 Mar 2018 15:30
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
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