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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Mobeus Income & Growth 4 Vct Plc | LSE:MIG4 | London | Ordinary Share | GB00B1FMDH51 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 68.00 | 66.50 | 69.50 | 68.00 | 68.00 | 68.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Trust,ex Ed,religious,charty | -12.69M | -15.17M | -0.1373 | -4.95 | 75.18M |
From Apr 2019 to Apr 2024
TIDMMIG4
RNS Number : 1244B
Mobeus Income & Growth 4 VCT PLC
05 January 2018
Mobeus Income & Growth 4 VCT plc ("MIG4 VCT" or the "Company")
Realisation of investment in Gro-Group Holdings Limited
05 January 2018
The Company is pleased to announce the sale of the entire issued share capital of Gro-Group Holdings Limited to a trade purchaser for consideration of GBP22 million, on a debt free and cash free basis. GBP2.76 million has been received in cash by the Company following completion, while up to GBP0.09 million in deferred consideration is potentially payable over approximately the next 12 months.
The realisation of this investment has resulted in an increase in the Company's Net Asset Value ('NAV') of an estimated 1.55 pence per share over the latest announced NAV per share of 87.68 pence at 30 September 2017.
Upon completion and excluding deferred consideration, this transaction delivered the Company a realised gain over cost of GBP1.18 million, being 1.76 pence per share.
All four Mobeus advised VCTs realised their investment in Gro-Group Holdings Limited. Excluding deferred consideration, total cash proceeds received by the four Mobeus advised VCTs over the life of their investment in Gro-Group Holdings Limited are GBP15.6 million, against an original investment of GBP7.1 million. This represents a return of 2.2 times the original cost and an IRR of over 20% for each VCT in the 4 years and 9 months that this investment was held.
For further information, please contact:
Robert King, 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
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(END) Dow Jones Newswires
January 05, 2018 07:40 ET (12:40 GMT)
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