Mobeus Income & Growth 4 VCT PLC Interim Management Statement (8562N)

TIDMMIG4

RNS Number : 8562N

Mobeus Income & Growth 4 VCT PLC

11 May 2018

Mobeus Income & Growth 4 VCT plc ("the Company")

Legal Entity Identifier (LEI): 213800IFNJ65R8AQW943

INTERIM MANAGEMENT STATEMENT

For the quarter ended 31 March 2018

Mobeus Income & Growth 4 VCT plc reports an Interim Management Statement for the quarter ended 31 March 2018. The statement also includes relevant financial information between the end of the period and the date of this statement.

NET ASSET VALUE AND TOTAL RETURN PER SHARE

 
                                    At 31 March   At 31 December 
                                           2018             2017 
 Net assets attributable to       GBP59,153,806    GBP58,411,640 
  shareholders 
 Shares in issue                     68,358,671       67,475,068 
 Net asset value (NAV) per 
  share                                  86.53p           86.57p 
 Cumulative dividends paid              101.20p          101.20p 
 Cumulative Total return (net 
  asset value basis) per share 
  since inception                       187.73p          187.77p 
 

DIVIDENDS

The Board have declared a first interim dividend of 4.00 pence per share for the year ending 31 December 2018 payable on 19 June 2018. Once paid, this will reduce the NAV per share by 4.00 pence per share.

FUNDRAISING

The Company closed its Offer for Subscription on 13 March 2018 having received subscriptions totalling GBP15 million. The Company allotted a total of 16,658,350 shares under the offer, with the final allotment being made on 13 March 2018 for 2,789 shares.

NEW INVESTMENT

The Company made three new investments and two follow-on investments totalling GBP2.15 million during the quarter.

In January 2018, the Company invested GBP0.34 million into Proactive Investors, an investor media company. In March 2018, the Company made investments of GBP0.49 million into Super Carers Limited, an online platform connecting people seeking home care, and GBP0.52 million into Hemmels, a classic car restoration business.

In February 2018, the Company made a follow-on investment of GBP0.34 million into MPB, an online marketplace for used camera and video equipment. In March 2018, the Company made a follow-on investment of GBP0.46 million into Tapas Revolution, a Spanish restaurant chain.

DIVESTMENTS

No divestments occurred during the quarter to 31 March 2018.

GBP0.09 million of deferred consideration, in respect of the sale of Gro Group Holdings Limited, was receivable during the quarter, including GBP0.07 million in April 2018, after the quarter end.

LOAN STOCK REPAYMENTS

The VCT received GBP0.09 million of loan repayments from TPSFF Holdings in the quarter, as well as GBP0.09 million received after the quarter end.

SHARE BUYBACKS

The Company bought back a total of 302,668 shares during the quarter to 31 March 2018 at an average price of 77.04 pence per share.

For further information, please contact:

Jonathan McGuire, for Mobeus Equity Partners LLP, Company Secretary: 020 7024 7615.

This information is provided by RNS

The company news service from the London Stock Exchange

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May 11, 2018 09:34 ET (13:34 GMT)