Maven Income & Growth VCT 4 PLC Dividend Declaration (7091N)
August 10 2017 - 11:38AM
UK Regulatory
TIDMMAV4 TIDMTTM
RNS Number : 7091N
Maven Income & Growth VCT 4 PLC
10 August 2017
Maven Income and Growth VCT 4 PLC
Declaration of Interim Dividend
As highlighted by the Board in the Annual Report for the year
ended 31 December 2016, Shareholders should be aware 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 dividend paid
on 14 July 2017, the Board has considered it appropriate to declare
the payment of a further interim dividend.
Therefore, the Directors now declare that a second interim
dividend of 3.70p per Ordinary Share in respect of the year ending
31 December 2017 is to be paid on 15 September 2017 to Shareholders
on the register at close of business on 18 August 2017.
Dividend Investment Scheme
The Directors have also resolved to re-introduce the Dividend
Investment Scheme (DIS), which was suspended on 24 August 2015 due
to the restrictions imposed by the Government's summer 2015 Budget.
Now that there is more clarity regarding the investment criteria
that apply to VCTs, and with the Company having stated its
intention to launch an Offer for Subscription, the DIS has been
reinstated with immediate effect.
This means that, unless they advise the Company otherwise, those
Shareholders who had previously elected to participate in the DIS
will revert to receiving new shares with effect from 15 September
2017, being the payment date of the second interim dividend. 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 had not previously applied to
participate in the DIS and who now wish to do so, should ensure
that a mandate form, or CREST instruction if appropriate, is
submitted prior to the dividend election date of 1 September
2017.
Issued on behalf of the Board
Maven Capital Partners UK LLP
Company Secretary
10 August 2017
This information is provided by RNS
The company news service from the London Stock Exchange
END
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