Mobeus Income & Growth VCT PLC Interim Management Statement - 3rd Quarter Results (7871O)

TIDMMIX

RNS Number : 7871O

Mobeus Income & Growth VCT PLC

09 November 2016

Mobeus Income & Growth VCT plc

("the Company")

INTERIM MANAGEMENT STATEMENT

For the quarter ended 30 September 2016

Mobeus Income & Growth VCT plc presents an Interim Management Statement for the quarter ended 30 September 2016. The statement also includes relevant financial information between the end of the period and the date of this statement.

NET ASSET VALUE (NAV) AND TOTAL RETURN PER SHARE

 
                                At 30 September 2016      At 30 June 
                                                                2016 
 Net assets attributable to            GBP62,785,625   GBP68,672,569 
  shareholders 
 
 Shares in issue                          75,627,951      75,627,951 
 Net asset value (NAV) per                     83.02 
  share                                            p         90.80 p 
                                               89.80 
 Cumulative dividends paid                         p         81.30 p 
 Cumulative total return per                  172.82 
  share (NAV basis) since inception                p        172.10 p 
 % return on initial NAV per 
  share of 94.5 pence at inception 
  in July 2004                                82.9 %          82.1 % 
 

The NAV per share fell by 7.78 pence over the quarter, principally due to the payment of an interim dividend of 8.50 pence per share in the quarter, referred to below.

DIVIDENDS

The Company paid an interim dividend of 8.50 pence per share (comprising 6.50 pence from capital and 2.00 pence from income) on 20 September 2016, bringing cumulative dividends paid per share to date to 89.80 pence.

INVESTMENT ACTIVITY

New Investments

There were no new investments during the period.

After the period-end, on 20 October 2016, GBP0.61 million was invested into BookingTek Limited, a provider of direct-booking software to major hotel groups. This is the third investment made in accordance with the Company's new Investment Policy, approved by shareholders in May this year. The new Policy was prepared in response to new VCT rules that require all VCTs to provide growth capital to younger, earlier stage companies]

Realisations

There were no realisations during the period. GBP0.02 million was received from Newquay Helicopters (2013) as a third interim distribution resulting from the members' voluntary liquidation of the company.

SHARE BUY-BACKS

There were no share buybacks during the period.

Please note that all of the information above is unaudited.

Other than as described above, there were no material events during the period and to the date of this announcement.

For further information, please contact:

Sarah Penfold, for Mobeus Equity Partners LLP, Company Secretary: 020 7024 7600.

This information is provided by RNS

The company news service from the London Stock Exchange

END

QRTQKLFBQFFFFBL

(END) Dow Jones Newswires

November 09, 2016 11:19 ET (16:19 GMT)