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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Mobeus Income & Growth 2 Vct Plc | LSE:MIG | London | Ordinary Share | GB00B0LKLZ05 | 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% | 59.00 | 57.50 | 60.50 | 59.00 | 59.00 | 59.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Trust,ex Ed,religious,charty | -7.57M | -9.64M | -0.0987 | -5.98 | 57.62M |
From May 2022 to May 2024
TIDMMIG
RNS Number : 3421U
Mobeus Income & Growth 2 VCT PLC
27 March 2023
Mobeus Income & Growth 2 VCT plc
(the "Company")
LEI: 213800LY62XLI1B4VX35
Realisation of investment in Tharstern Group Limited
The Company is pleased to announce the sale of its investment in Tharstern Group Limited. The Company has received GBP1.55 million in cash from the sale generating a realised gain over cost over the life of the investment of GBP1.34 million, being the equivalent of 1.36 pence per share.
In isolation, the impact of this sale on the Company's latest announced unaudited NAV per share of 71.70 pence at 31 December 2022 (adjusted for a dividend of 7.00 pence per share payable on 30 March 2023), would be an increase of 0.36 pence per share. The Company emphasises that the increase in NAV per share from this realisation is in isolation from other changes in the Company's balance sheet, including valuation and other transaction movements in the Company's investment portfolio, that may also have affected the NAV per share at 31 December 2022.
To date, cash proceeds have been received over the life of the investment of GBP2.17 million, against an original cost of GBP0.84 million. This represents a return to date for the Company of 2.6 times the original investment cost and an IRR of 15.0% in the eight and a half years that this investment was held. A small amount of escrow proceeds may be receivable in due course.
For further information, please contact:
Gresham House Asset Management Limited
Company Secretary
+44 (0)20 7382 0999
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END
DISFZGZFMNGGFZM
(END) Dow Jones Newswires
March 27, 2023 08:00 ET (12:00 GMT)
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