t
| TIDM | MIG5 |
| Share Price | 28.20p-3.68% |
| Market Cap | £73.94m |
On 26 April 2023, the Board of Maven Income and Growth VCT 5 PLC confirmed the effective Net Asset Value (NAV) per share is 34.95p. This NAV will be the price used for new ordinary shares allotted under the Dividend Investment Scheme (DIS), following a final dividend of 0.50p per share for the year ended 30 November 2022, paid on 5 May 2023 to shareholders on the register at 31 March 2023 who elected for DIS by 19 April 2023.
| Date | 26 Apr 2023 |
| Time | 11:39:52 |
| Category | Corporate updates |
| ID | 5562X |
Maven Income and Growth VCT 5 PLC
Net Asset Value (NAV) - Dividend Investment Scheme (DIS)
The Board of Maven Income and Growth VCT 5 PLC (the Company) has announced previously that the NAV per share of the Company as at 28 February 2023 was 35.45p and that a final dividend of 0.50p per share in respect of the year ended 30 November 2022 would be paid on 5 May 2023, to Shareholders on the register at close of business on 31 March 2023. Furthermore, in respect of Shareholders who had, by no later than 19 April 2023, elected to participate in the DIS, the Company will use the amount paid in respect of the above final dividend to subscribe for new ordinary shares of 10p each in the Company (Ordinary Shares) to be issued at a price equivalent to the latest announced NAV per share.
The Board confirms that, following the payment of the above dividend, the effective NAV per share of the Company is 34.95p and that this will be the price used in the calculation of the number of Ordinary Shares to be allotted under the DIS in respect of the final dividend, the issue of which will be confirmed in a separate announcement in due course.
Issued on behalf of the Board
Maven Capital Partners UK LLP
Secretary
26 April 2023