Maven VCTs announce activation of £20m VCT over-allotment facilities

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    Following strong investor demand for their current VCT Offers, the Boards of the four Maven Income and Growth VCTs have announced the use of their £20 million over-allotment facilities. This provides additional capacity for investors looking to benefit from the tax-efficient returns, performance track record and diversified VCT portfolios of the Maven VCTs.

    Published: Jan 29, 2025
    Focus: Growth Capital

    Maven is pleased to announce that the VCT Boards have exercised the over-allotment facility for the current Offers across the Maven Income and Growth VCTs. This decision reflects continued investor appetite as the VCTs approach their initial joint £20 million target and increases the overall fundraise to £40 million.

    The additional capacity enables the Maven VCTs to further expand their portfolios through new and follow-on investments in emerging UK companies at a time when Maven’s regional office network continues to generate a flow of high quality investment opportunities. 

    Key benefits for investors include:

    • Access to four highly diversified portfolios comprising, in aggregate, over 120 private and AIM-quoted companies across some of the UK's most vibrant sectors.
    • Attractive tax reliefs, including up to 30% initial income tax relief, tax-free dividends, and exemption from capital gains tax.
    • A recently enhanced dividend policy targeting an annual dividend of 6% of NAV per share, backed by a strong track record of profitable exits.
    • The expertise of one of the sector’s largest and best resourced VCT teams, sourcing and managing VCT investments from a UK wide office network.

    Although the availability of the over-allotment facilities ensures additional capacity for those wishing to invest, the Offers will close on 4 April 2025 for 2024/25 tax year applications, and 25 April 2025 for 2025/26 tax year applications, unless fully subscribed earlier.
    View Current Offer

    Maven VCTs are intended for UK taxpayers aged 18 or over who: are seeking initial tax relief, tax free income and capital growth over a term of five or more years; already have a diversified portfolio including pension assets; are able to bear up to 100% capital loss; have a medium to high risk tolerance; and will generally be informed investors with experience in investing in VCTs or an understanding of the risks involved. The payment of dividends is not guaranteed.

    Posted in:
    Growth Capital