Maven Income and Growth VCT 5 PLC

    Maven Income and Growth VCT 5 aims to achieve long-term capital appreciation and generate income for Shareholders by investing in a diversified portfolio of unquoted UK and AIM companies with growth potential.

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    Financial highlights

    As at 31 August 2024

    £71.12m

    Net Asset Value

    33.87p*

    NAV per Ordinary Share

    85.87p

    NAV Total Return per Ordinary Share

    52.00p

    Dividends paid to date per Ordinary Share

    137

    Unlisted and quoted investments

    9.48%

    Tax free yield**

    *The NAV per share shown above will be reduced by the payment of any subsequent dividends (see table below)

    **Based on average dividends paid or declared in respect of the past five full financial years (including any exceptional payments) and current NAV, for an assumed investment in new shares benefitting from the current 30% initial tax relief available on investment in new VCT shares (ignoring any initial offer costs).

    Key information

    Ordinary Shares in Issue

    (total voting rights)

    208,074,650 (at 8 October 2024)

    History

    Launched - 4 December 2000.
    Maven Income and Growth VCT 5 PLC was formerly known as Bluehone AiM VCT2 PLC and AiM VCT2 PLC, and incorporates Bluehone AiM VCT PLC (formerly known as AiM VCT PLC).

    Registered Office

    6th Floor, Saddlers House, 44 Gutter Lane, London, EC2V 6BR
    Company No. 04084875

     

    Latest/Announced AGM

    23 April 2024 (London) 

    Next Continuation Vote

    2030

    Live Share Price

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    Data Protection Policy

    View it here.

    Download the Maven VCT investor magazine

    NEW: Issue 28

    We are delighted to share the latest edition of Maven's VCT investor magazine, Creating Value. It features new investments by the Maven VCTs, as well as news and insights from across the portfolio.

    Click here to download

    Newsletter 3D-1

    Performance

    NAV Total Return per share

    Dividends

    Decisions on distributions take into consideration the availability of surplus revenue, the realisation of capital gains, the adequacy of distributable reserves and the VCT qualifying level, all of which are kept under close and regular review by the Board and the Manager. As the portfolio continues to expand and a greater proportion of holdings are invested in young companies, future distributions will be more closely linked to realisation activity, whilst also reflecting the Company’s requirement to maintain its VCT qualifying level. If larger distributions are required as a consequence of exits, this could result in a corresponding reduction in NAV per share.

     

    Total Dividends (per share) Paid or Declared 53.00

     

     
     
     
     
    Year Ended November
    Payment Date
    Interim/Final
    Rate (p)
    2024

    6 September 2024

    		 Interim
    1.00
    2023

    3 May 2024

    		 Final
    1.10
    2023

    21 July 2023

    		 Interim
    0.75
    2022

    5 May 2023

    		 Final
    0.50
     
    		 26 August 2022 Interim
    3.00
    2021
    		 4 May 2022 Final
    1.00
      
    		   26 November  Second Interim
      0.50
     
    		 10 September First Interim
    0.60
    2020
    		 7 May 2021 Final
    1.10
      28 August 2020 Interim
    0.50
    2019
    		 1 May 2020 Final
    1.10
      30 August 2019 Interim
    0.50
    2001 - 2018
    		    
    41.35

     

    Portfolio

    Top 10 Investments

    1. MirrorWeb Limited

    Developer of a cloud-based web and social media archiving solution

    Cost £1,300,000 | Valuation £3,632,000
    % of net asset by value 5.3

    2. Bright Network (UK) Limited

    Media technology platform designed to enable leading employers to reach, identify and recruit good quality graduates and young professionals

    Cost £1,264,000 | Valuation £2,493,000
    % of net asset by value 3.6
     

    3. Rockar 2016 Limited (trading as Rockar)

    Innovative car retailer

    Cost £1,023,000 | Valuation £1,683,000
    % of net asset by value 2.4

    4. 2 degrees Limited (trading as Manufacture 2030)

    Software provider that helps large corporates track and manage the carbon emissions from their supply chains

    Cost £997,000 | Valuation £1,385,000
    % of net asset by value 2.0

    5. Horizon Technologies Consultants Limited

    Signals intelligence (“SIGINT”) company providing airborne satellite phone monitoring systems for Intelligence, Surveillance and Reconnaissance (“ISR”) applications

    Cost £1,296,000 | Valuation £1,328,000
    % of net asset by value 1.9
     

    6. Horizon Ceremonies Limited (trading as Horizon Cremation)

    Develops, operates and owns purpose built crematoria across the UK

    Cost £660,000 | Valuation £1,298,000
    % of net asset by value 1.9

    7. Summize Limited

    Develops digital contracting software for legal firms, using AI - powered technology

    Cost £647,000 | Valuation £1,222,000
    % of net asset by value 1.8

    8. Liftango Group Limited

    Developers of a cloud - based technology platform, which enables public and corporate transport operators to optimise route planning based on passenger demand

    Cost £1,195,000 | Valuation £1,195,000
    % of net asset by value 1.8

    9. Bud Systems Limited

    Learning management system software provider. 

    Cost £846,000 | Valuation £1,057,000
    % of net asset by value 1.6

     

    10. DiffusionData Limited 

    Supplier of the ‘Diffusion’ software which helps its clients to broadcast real-time and time-sensitive data at scale and with high efficiency

    Cost £725,000 | Valuation £1,006,000
    % of net asset by value 1.5

    Shareholder Documents

    Maven and the VCTs are committed to reducing the environmental impact of printing substantial documents. If you currently receive hard copy Annual and Interim Reports, and would prefer to receive email or postal notifications of their website publication, you should advise the Registrar, The City Partnership, using the contact details below.

    MIG5 Current Reports and Accounts

    MIG5 Current Circulars, KIDs and Fund Factsheets

    MIG5 Dividend Investment Scheme

    Board of Directors

    Graham Miller

    Chairman and Independent Director

    Graham began his business career with Murray Johnstone Private Equity in 1987, becoming a Director in 1994. He was Corporate Development Director for Avon Rubber PLC from 1998-2001, before returning to private equity with 3i plc. Since 2008, he has operated as an Independent Director and private investor. Graham is a non-executive Director of AIM listed Sutton Harbour Group PLC where he also chairs the Audit Committee.

    Gordon Humphries

    Independent Director

    Gordon has over 30 years’ experience in financial services, particularly with regard to investment trusts. He was an investment director and the head of investment companies at Standard Life Investments, and prior to that joint head of investment trusts at F&C Asset Management. Gordon has an MA (Hons) in Economics and Accountancy from the University of Edinburgh and he joined Ivory & Sime plc in 1988 after qualifying as a chartered accountant with Deloitte Haskins & Sells (now PwC). He is currently a non-executive director of JPMorgan Small Cap Growth & Income PLC, and is chair of the Association of Investment Companies (AIC). He was previously a non-executive director of Foresight VCT plc and a Member of the Institute of Chartered Accountants of Scotland Audit and Assurance Committee for the period 2005 to 2015.

    Jane Stewart

    Independent Director

    Jane is a member of the Institute of Chartered Accountants of Scotland and has over 25 years’ Board level experience across industry, equity investment and corporate finance. She has served as chair and non-executive director on many private company boards at varying stages of growth, predominantly in the environmental and technology sectors. Jane is an ambassador of Women’s Enterprise Scotland, a Women in Innovation 2022 National Award Winner, and achieved the accolade of Highly Commended Scottish Businesswoman of the Year 2017. She is currently a non-executive director of Macphie Limited, a family owned added-value food ingredients manufacturer, and Offshore Renewable Energy (ORE) Catapult, the UK's leading technology, innovation and research centre for offshore renewable energy.

    Recommendations of non-mainstream investment products

    The Company currently conducts its affairs so that the shares issued by it can be recommended by independent financial advisers to ordinary retail investors in accordance with the FCA’s rules in relation to non-mainstream investment products and intends to continue to do so for the foreseeable future. The Company’s shares are excluded from the FCA’s restrictions which apply to non-mainstream investment products because they are shares in a venture capital trust and the returns to investors are predominantly based on investments in private companies or publicly quoted securities.

    Shareholder Enquiries

    For enquiries about your shareholding please contact the registrar The City Partnership:

    Call: 01484 240 910

    Lines are open 0900 to 1730, Monday to Friday, excluding public holidays in England and Wales. Calls are charged at the standard geographic rate and will vary by provider. Calls from outside the UK will be charged at the applicable international rate.

    email: mavencp@city.uk.com

    The City Partnership
    The Mending Rooms
    Park Valley Mills
    Meltham Road
    Huddersfield, HD4 7BH

    Online Portal

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