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Pin to quick picksMaven Grwth 3 Regulatory News (MIG3)

Share Price Information for Maven Grwth 3 (MIG3)

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Maven Income and Growth VCT 3 is an Investment Trust

To achieve long-term capital appreciation and generate income for Shareholders by investing in a diversified portfolio of securities in smaller, unquoted UK companies and AIM/NEX quoted companies.

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Statement re Dividend Investment Scheme

24 Aug 2015 15:37

RNS Number : 9243W
Maven Income and Growth VCT 3 PLC
24 August 2015
 

Maven Income and Growth VCT 3 PLC (the Company)

 

Suspension of Dividend Investment Scheme (DIS)

 

Under the Terms and Conditions of the Company's DIS, which allow the Directors to suspend or terminate its operation without prior notice and revert to making monetary payments to all Participants, the Board has resolved that, in light of the investment restrictions proposed in the Government's Summer 2015 Budget, the DIS will be suspended with immediate effect. This will allow the Directors and the Manager to review the final changes to the VCT legislation and to consider the full potential impact of these on the Company's future investment strategy.

 

As a result, the interim dividend payable on 28 August 2015, and all subsequent dividends until further notice, will be paid to Shareholders by either cheque or direct bank transfer using existing mandate instructions. Written confirmation of this suspension in the operation of the DIS will be issued to those Shareholders who have elected to participate.

 

Issued on behalf of the Board

 

Maven Capital Partners UK LLP

Secretary

24 August 2015

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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