Maven Income and Growth VCT issues new shares under dividend scheme

Published 18/07/2025, 10:12
Maven Income and Growth VCT issues new shares under dividend scheme

LONDON - Maven Income and Growth VCT PLC (LON:MIG1) issued 516,013 new ordinary shares on Friday under its Dividend Investment Scheme (DIS), according to a company statement.

The shares were allotted at a price of 37.97p per share, which corresponds to the company’s latest announced net asset value per share, in line with the terms and conditions of the scheme.

Following this issuance, Maven Income and Growth VCT’s total issued share capital now stands at 181,957,056 ordinary shares of 10p each, with each share carrying one voting right.

The company has applied to the Financial Conduct Authority and the London Stock Exchange (LON:LSEG) for the new shares to be admitted to the Official List and to trading on the London Stock Exchange’s main market for listed securities. Trading in these shares is expected to commence around July 23, 2025.

The Dividend Investment Scheme allows shareholders to reinvest their dividends by purchasing additional shares in the company instead of receiving cash payments.

Maven Capital Partners (WA:CPAP) UK LLP issued the statement on behalf of the company’s board.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.