Mobeus Income & Growth 2 VCT PLC Interim Management Statement - 3rd Quarter (9292P)

TIDMMIG

RNS Number : 9292P

Mobeus Income & Growth 2 VCT PLC

13 February 2019

Mobeus Income & Growth 2 VCT plc

(the "Company")

INTERIM MANAGEMENT STATEMENT

For the quarter ended 31 December 2018

Mobeus Income & Growth 2 VCT plc presents an Interim Management Statement for the quarter ended 31 December 2018. The statement also includes relevant financial information between the end of the quarter and the date of this statement.

NET ASSET VALUE AND TOTAL RETURN PER SHARE

 
                                            At 31 December   At 30 September 
                                                      2018              2018 
 Net assets attributable to shareholders     GBP49,505,946     GBP48,860,422 
 Shares in issue                                49,184,909        49,304,159 
 Net asset value (NAV) per share              100.65 pence       99.10 pence 
 Cumulative dividends paid to                  78.00 pence       78.00 pence 
  date per share since inception 
 Total return per share since                 178.65 pence      177.10 pence 
  inception (NAV basis) 
 

DIVIDENDS

No dividends were paid during the quarter.

The Board has today declared an interim dividend of 5.00 pence per share for the year ending 31 March 2019, which will be paid on 22 March 2019 to shareholders on the share register on 22 February 2019. Following payment of this dividend, cumulative dividends paid per share since the launch of the current share class will be 83.00 pence per share.

SHARE BUY-BACKS

On 14 December 2018, the Company bought back 119,250 of its ordinary shares at a price of 88.00 pence per share.

All shares bought back by the Company were subsequently cancelled.

INVESTMENT ACTIVITY

New investment

On 28 November 2018, the Company made a new investment of GBP0.28 million into Kudos Innovations Limited (trading as Grow Kudos), a platform for the dissemination of academic research.

Follow-on investments

On 9 October 2018, a follow-on investment of GBP0.54 million was made into Pattern Analytics Limited (trading as Biosite).

On 10 October 2018, a follow-on investment of GBP0.29 million was made into Proactive Group Holdings Inc.

On 19 October 2018 and 19 December 2018, follow-on investments totalling GBP0.09 million were made into MPB Group Limited.

Repurchase of preference shares by investee company

On 31 October 2018, The Plastic Surgeon Holdings Limited carried out a repurchase of preference shares in which GBP0.05 million of proceeds were received by the Company. After the quarter end, on 31 January 2019 a further GBP0.05 million of preference shares were repurchased by the company.

Please note that all of the information above is unaudited.

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

For further information, please contact:

Robert King, for Mobeus Equity Partners LLP, Company Secretary: 020 7024 7600.

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February 13, 2019 08:55 ET (13:55 GMT)