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Amati AIM ( (GB:MRV) ) has issued an update.
Maven Renovar VCT PLC has issued an update under the AIC Corporate Governance Code after more than 20% of votes at August 2025 shareholder meetings went against board recommendations on director re-elections and attempts to remove incumbent directors. The meeting outcomes followed earlier tensions linked to a change of investment manager and proposed, but not adopted, alterations to the company’s investment policy.
In response, the board has engaged directly with the requisitioning former manager and dissenting shareholders, as well as major investors, to understand their concerns, which ranged from opposition to the manager change to differing views on investment policy and liquidity options. Finding no clear consensus, the board commissioned a survey sent to over 3,600 shareholders to gauge views on a potential tender offer and investment policy changes and is now reviewing the responses with advisers, with further proposals and outcomes to be communicated in due course and summarised in the annual report.
More about Amati AIM
Maven Renovar VCT PLC is a UK-listed venture capital trust focused on providing investors with access to a diversified portfolio of growth and venture-stage companies. The vehicle targets smaller, high-potential businesses while seeking to deliver tax-efficient returns within the framework of UK VCT regulations.
Average Trading Volume: 25,733
Technical Sentiment Signal: Hold
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