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MIG 3 VCT

Matrix Income & Growth 3 VCT plc (Merged with Matrix Income & Growth VCT plc)

Enquiries 020 3206 7099

Matrix Income & Growth 3 VCT plc was launched in the 2005/2006 tax year and raised £18.9 million, net of issue costs.  It merged with Matrix Income & Growth VCT plc on 20 May 2010

Merger of the Company with Matrix Income & Growth VCT plc

The Company merged with Matrix Income & Growth VCT plc (MIG VCT) on 20 May 2010 following the approval of the merger of the two Companies by Shareholders at separate Extraordinary General Meetings held on 12 and 20 May 2010.

As part of the merger process the Company was placed in members’ voluntary liquidation and the assets and liabilities of the Company were transferred to MIG VCT.  This was in consideration for the issue of new ordinary shares of 1 pence each in the capital of MIG VCT at a deemed issue price of 83.9 pence per share.  The ratio used for the conversion of the Company's shares into ordinary shares in MIG VCT was 1.065.  The listing of the Company’s shares on the London Stock Exchange was suspended on 20 May 2010.

New share certificates in Matrix Income & Growth VCT plc were sent to Shareholders on 28 May 2010.

For further information on the merger and the specific proposals approved by Shareholders on 12 and 20 May 2010, please click here to download a PDF of the Company's circular.    Please click here to download a PDF of the MIG VCT Prospectus.

Please click here to go to the MIG VCT webpage where you will find current information and performance data on the Company.

Historic dividends and performance data

Dividends

Period Ended

Payment Date

Amount per Share

31 December 2006

18 May 2007

1.25p

31 December 2007 (interim)

20 September 2007

1.00p

31 December 2007

21 May 2008

1.50p

31 December 2008 (interim)

11 September 2008

1.00p

31 December 2008

15 May 2009

0.80p

31 December 2009 (interim)

21 April 2010

4.00p

Total Paid to date

  

9.55p

Net Asset Value

 

31 Dec 07
(audited)

30 Sep 07

30 Jun 07

31 Mar 07

NAV

97.50p

97.75p

97.44p

95.20p
         
 

31 Dec 08
(audited)

30 Sep 08

30 Jun 08

31 Mar 08

NAV

88.90p

89.68p

93.18p

96.43p
         
 

31 Dec 09

30 Sep 09

30 Jun 09

31 Mar 09

NAV

90.04p

87.77p

93.18p

96.43p
         
 

31 Dec 10

30 Sep 10

30 Jun 10

31 Mar 10

NAV

      

93.12p