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June 30, 2015 3:56 PM ET

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.

205 West George Street

West George Street

Glasgow,  G2 2LW

United Kingdom

Founded in 2001

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 Announces Board Changes

As part of it's stated succession plan, the board of Maven Income and Growth VCT 2 PLC confirmed the resignation of Charles Nicolson as a director following the conclusion of the annual general meeting held on 17 June 2015. It is confirmed that John Lawrence MBE has been appointed as chairman with immediate effect.

Maven Income and Growth VCT 2 plc Increases Final Dividend, Payable on June 26, 2015; Reports Audited Earnings Results for the Year Ended January 31, 2015

The board of directors of Maven Income and Growth VCT 2 PLC recommended that an increased final dividend of 2.15 pence per ordinary share, comprising 0.20 pence of revenue and 1.95 pence of capital, be paid on June 26, 2015 to shareholders on the register at May 29, 2015. This would bring total dividends for the year to 4.00 pence per share, an increase of 3.90% over the prior year, representing a yield of 7.41% based on the year end closing mid-market share price of 54.00 pence. The company reported audited earnings results for the year ended January 31, 2015. For the year, the company reported net return on ordinary activities before taxation of £1,576,000 compared to £1,548,000 a year ago. Return attributable to equity shareholders was £1,576,000 compared to £1,548,000 a year ago. Earnings per share were 4.68 pence compared to 5.65 pence a year ago. As of March 31, 2015, the company reported net asset value per ordinary share was 60.8 pence compared to 60.7 pence a year ago. Net cash outflow from operating activities was £441,000 compared to net cash inflow from operating activities of £40,000 a year ago.

Maven Income and Growth VCT 2 PLC, Annual General Meeting, Jun 17, 2015

Maven Income and Growth VCT 2 PLC, Annual General Meeting, Jun 17, 2015., at 10:30 GMT Standard Time. Location: 5th Floor, 1-2 Royal Exchange Buildings.

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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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