Maven Income and Growth VCT 5 PLC Suspension of Dividend Investment Scheme (DIS) (7805H)
March 26 2020 - 1:01PM
UK Regulatory
TIDMMIG5
RNS Number : 7805H
Maven Income and Growth VCT 5 PLC
26 March 2020
Maven Income and Growth VCT 5 PLC (the Company)
Suspension of Dividend Investment Scheme (DIS)
In light of the current volatility in financial markets caused
by the global coronavirus pandemic, the Board has decided that it
is appropriate to suspend the DIS with immediate effect. Whilst it
is too early to assess the full impact on the core unlisted
portfolio holdings, there has been an impact on the AIM portfolio
and listed liquidity management assets as a result of wider market
movements and increased trading volumes. The Board is aware that
the Manager is working actively with each investee company to
understand the full impact of the virus and is taking protective
action as quickly as possible on a case by case basis. The Board
anticipates providing a further update shortly.
Further to this, the proposed final dividend for the financial
year to 30 November 2019 of 1.10p per Ordinary Share, payable on 1
May 2020, and all subsequent dividends, until further notice, will
be paid to Shareholders by either cheque or 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
26 March 2020
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
MSCSEAFMMESSEID
(END) Dow Jones Newswires
March 26, 2020 13:01 ET (17:01 GMT)
Maven Income And Growth ... (LSE:MIG5)
Historical Stock Chart
From Apr 2024 to May 2024
Maven Income And Growth ... (LSE:MIG5)
Historical Stock Chart
From May 2023 to May 2024