|
Maven Income & Growth VCT PLC - London-based private equity and property manager - On Tuesday reports net asset value of 36.18 pence per ordinary share as at February 28, end-financial 2026, down from 39.37 pence a year prior. NAV total return rises to 148.64 pence per share from 148.08p in the prior financial year. Declares third interim dividend of 0.60 pence, bringing the annual yield to 7.87% from 6.1%. Says the macroeconomic outlook ‘remains uncertain’ but it is ‘well placed to continue to deliver steady growth in shareholder value.’ Adds: ‘The portfolio that has been constructed provides diversified exposure to sectors and markets with attractive long term growth characteristics, which continue to attract acquisition interest from potential buyers.’ Chair John Pocock comments: ‘This resilient performance largely reflects the maturing profile of the private equity portfolio, where an increasing number of private companies are delivering sustained revenue growth and achieving scale, which has resulted in the valuations of certain holdings being uplifted. It is encouraging to report that your company has maintained a healthy rate of investment deploying over £4.3 million through new and follow-on investment, with three new private companies added to the portfolio. This has also been a good year for exits, with the completion of two profitable and cash generative private company realisations.’ Current share price: 32.80 pence, closed down 3.0% in London on Thursday 12-month change: down 12% Copyright 2026 Alliance News Ltd. All Rights Reserved.
|
