Maven Income & Growth VCT 4 PLC Statement re Dividend Investment Scheme (9246W)
24 Agosto 2015 - 4:39PM
UK Regulatory
TIDMMAV4 TIDMTTM
RNS Number : 9246W
Maven Income & Growth VCT 4 PLC
24 August 2015
Maven Income and Growth VCT 4 PLC (the Company)
Suspension of Dividend Investment Scheme (DIS)
The Board has announced previously that, in light of the
investment restrictions proposed in the Government's Summer 2015
Budget, the Directors intended to review the operation of the
Company's DIS and reserved the right, under the Terms and
Conditions of the Scheme, to suspend or terminate its operation
without prior notice and revert to making monetary payments to all
Participants. The Board has now resolved that the DIS will be
suspended with immediate effect in order to allow the Directors and
the Manager to review the final changes to the VCT legislation and
to consider the full potential impact of these on the Company's
future investment strategy.
As a result, the interim dividend payable on 25 September 2015,
and all subsequent dividends until further notice, will be paid to
Shareholders by either cheque or direct bank transfer using
existing mandate instructions. Written confirmation of this
suspension in the operation of the DIS will be issued to those
Shareholders who have elected to participate.
Issued on behalf of the Board
Maven Capital Partners UK LLP
Secretary
24 August 2015
This information is provided by RNS
The company news service from the London Stock Exchange
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