Maven Income and Growth VCT 6 PLC Net Asset Value and Proposed Final Dividend (6583C)
June 18 2019 - 10:13AM
UK Regulatory
TIDMMIG6
RNS Number : 6583C
Maven Income and Growth VCT 6 PLC
18 June 2019
Maven Income and Growth VCT 6 PLC
Net Asset Value and Proposed Final Dividend
The Directors of Maven Income and Growth VCT 6 PLC (the Company)
confirm that the unaudited net asset value of the Company as at 31
March 2019 was 52.77p per Ordinary Share.
As Shareholder's will be aware from recent Annual and Interim
Reports, decisions on distributions take into consideration the
availability of surplus revenue, the realisation of capital gains,
the adequacy of distributable reserves and the Company's VCT
qualifying level. These factors are all kept under close and
regular review by the Board and the Manager, who recognise the
importance to Shareholders of tax-free distributions.
The Board is pleased to propose that a final dividend of 1.75p
per Ordinary Share, in respect of the year ended 31 March 2019,
will be paid on 13 September 2019 to Shareholders on the register
at close of business on 16 August 2019. This payment will be
subject to the approval of Shareholders at the Annual General
Meeting of the Company, which will be held on 4 September 2019.
Since the Company's launch, and after receipt of this proposed
dividend, 6.60p per share will have been distributed in tax-free
dividends. It should be noted that the effect of paying dividends
is to reduce the NAV of the Company by the total cost of the
distribution.
The Company has in place a Dividend Investment Scheme (DIS)
through which Shareholders may elect to have their dividend
payments used to apply for new Ordinary Shares issued by the
Company under the standing authority requested from Shareholders at
Annual General Meetings. 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 at:
www.mavencp.com/migvct6.
Shareholders who have not previously applied to participate in
the DIS, but wish to do so in respect of the dividend payable on 13
September 2019, should ensure that a mandate form, or CREST
instruction if appropriate, is submitted prior to the dividend
election date of 30 August 2019.
Further to the information disclosed above, the Directors
confirm that they are satisfied that all inside information (as
defined by Article 7 of the Market Abuse Regulation (596/2014/EU))
that the Directors and the Company may have in their possession
relating to the Company during the 30 day closed period leading up
to the announcement of its annual results for the year ended 31
March 2019 has been or will be notified to a regulatory information
service.
Issued on behalf of the Board
Maven Capital Partners UK LLP
Company Secretary
18 June 2019
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
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