Last checked at 
9 Feb 2022 16:51
Maven Income and Growth VCT 5 PLC ("the Company")
Review of Share Buy-back Policy, Share Buy-back and Total Voting Rights
Shareholders will be aware that a primary objective for the Board is to ensure that the Company retains sufficient liquidity for making investments in line with its stated policy, and for the continued payment of dividends. However, the Directors also acknowledge the need to maintain an orderly market in the Company's shares and have, therefore, delegated authority to the Manager to buy back shares in the market for cancellation or to be held in treasury, subject always to such transactions being in the best interests of Shareholders.
The Directors have reviewed the Company's Share Buy-back policy and the discount of between 10% to 15% to the prevailing NAV per share at which shares would be bought back. Following that review, subject to market conditions, available liquidity and the maintenance of the Company's VCT status, it is now intended that shares should be bought back at prices that will maintain a discount of between 5% and 10% to the prevailing NAV per share. The following share buy-back was carried out under the terms of that revised policy.
On 9 February 2022, Maven Income and Growth VCT 5 PLC purchased, for cancellation, 250,000 of its own Ordinary Shares at a price of 37p per share.
As a result, and in accordance with the Financial Conduct Authority's Disclosure Guidance and Transparency Rules, the Company confirms that its issued share capital as at close of business on 9 February 2022 comprises 176,111,696 Ordinary Shares of 10p each, with each share carrying one voting right.
The above figure may be used by Shareholders as the denominator for the calculations by which they will determine if they are required, under the Disclosure Guidance and Transparency Rules, to notify their interest, or a change to their interest, in the Company.
On behalf of the Board
Maven Capital Partners UK LLP
Secretary
9 February 2022