Search

MIG 3 VCT

Matrix Income & Growth 3 VCT plc

Enquiries 020 3206 7099

Welcome to the webpage of Matrix Income & Growth 3 VCT plc. The Company was launched in the 2005/2006 tax year and raised £18.9 million, net of issue costs.

Investment Objective

To provide investors with an income stream, by way of tax free dividends and to generate capital growth which, following portfolio realisations, can be distributed by way of additional tax free dividends.

Investment Adviser - Matrix Private Equity Partners

Matrix Private Equity Partners LLP (MPEP) is one of the most experienced teams focused on VCT investment, currently advising over £120 million of funds on behalf of five VCTs. There are a number of features that make MPEP stand out as a VCT manager.

For further information on MPEP click here.

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 83.89934982p per share.  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 will be 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.

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

Portfolio

Please click here to see the investee companies in the fund.

Corporate Governance

The Board recognises the importance of sound corporate governance. It endorses and has adopted the main principles of good corporate governance set out in the Association of Investment Companies Code of Corporate Governance (“the AIC Code”) which addresses all the principles set out in section 1 of the Combined Code, as well as setting out additional principles and recommendations on issues that are of specific relevance to the Company. The Financial Reporting Council (FRC) has confirmed that in complying with the AIC Code the Company will meet its obligations in relation to the Combined Code and paragraph 9.8.6 of the Listing Rules.

Terms of Reference

Contact Details

Registered in England Number 5537979
Registered Office: One Vine Street, London W1J 0AH
Tel: 020 3206 7000  Fax: 020 3206 7012
E-mail: mig3@matrixgroup.co.uk      

Investment Manager
Matrix Private Equity Partners LLP
One Vine Street
London W1J 0AH
Tel: 020 3206 7266  Fax: 020 3206 7012
E-mail: info@matrixpep.co.uk      

Company Secretary
VCT Company Secretarial Services
Matrix-Securities Limited
One Vine Street
London
W1J 0AH
Tel: 020 3206 7000
email: mig3@matrixgroup.co.uk      

Registrar
Computershare Investor Services PLC
PO Box 82, The Pavilions, Bridgwater Road
Bristol BS99 7NH
Tel:0870 702 0010
www-uk.computershare.com