Capital Markets
Company Overview of Maven Income and Growth VCT 2 PLC
Company Overview
Maven Income and Growth VCT 2 PLC is a venture capital trust specializing in later stage investment private companies. It does not invest in hostile public to private transactions. The fund primarily provides investments in smaller unquoted and AIM listed companies based in the United Kingdom. It does not invest more than £1 million ($1.65 million) in any company in one year and no more than 15 percent of the company’s assets by cost in one business at any time. The fund invests up to 3 percent of its assets in one company. The fund seeks to take a non-executive board seat on its investee companies. It can co-invest with other funds of Maven Capital for larger deals.
One Bow Churchyard
Cheapside
London, EC4M 9HH
United Kingdom
Founded in 2001
Phone:
44 20 7463 6000
Fax:
44 20 7463 6001
www.mavencp.com/venture-capital-trusts/our-vct-range/migvct2
Key Executives for Maven Income and Growth VCT 2 PLC
Maven Income and Growth VCT 2 PLC does not have any Key Executives recorded.
Maven Income and Growth VCT 2 PLC Key Developments
Maven Income and Growth VCT 2 PLC announced that the board is proposing a final dividend of 1.75 pence per share to be paid on June 21, 2013 to shareholders on the register on May 24, 2013. Including the interim dividend paid in November 2012, the tax-free yield for the year is 4.4% on the net cost to shareholders who subscribed at launch. Since the company's launch, and after receipt of the proposed final dividend, Shareholders will have received 24.62 pence per share in tax-free dividends.
Maven Income and Growth VCT 2 PLC announced audited earnings results for the year ended January 31, 2013. For the year, the company reported net return on ordinary activities before taxation of £804,000 against £1,313,000 a year ago. Return attributable to equity shareholders was £804,000 or 3.13 pence per share against £1,313,000 or 5.34 pence per share a year ago. Net asset value per ordinary share as at January 31, 2013 was 58.6 pence against 58.8 pence a year ago. Net cash outflow from operating activities was £8,000 against net cash inflow from operating activities of £100,000 a year ago. Purchase of investments was £874,000 against £1,258,000 a year ago.
Maven Income and Growth VCT 2 PLC reported unaudited earnings results for the six months ended July 31, 2012. For the period, the company reported net return on ordinary activities before taxation of £640,000 compared to £724,000 a year ago. Return attributable to equity shareholders was £640,000 or 2.49 pence per share compared to £724,000 or 2.94 pence per share a year ago. Net asset value per ordinary share was 59.7 pence compared to 57.6 pence a year ago. Net cash inflow from operating activities was £114,000 compared to £177,000 a year ago. Purchase of investments was £4,151,000 compared to £1,343,000 a year ago. The board has declared an increased interim dividend of 1.75 pence per share to be paid on November 9, 2012 to shareholders on the register at October 12, 2012.
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To contact Maven Income and Growth VCT 2 PLC, please visit www.mavencp.com/venture-capital-trusts/our-vct-range/migvct2. Company data is provided by Capital IQ. Please use this form to report any data issues.
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