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MIG4 Mobeus Income & Growth 4 Vct Plc

68.00
0.00 (0.00%)
Last Updated: 08:00:09
Delayed by 15 minutes
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 08:00:09
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

Mobeus Income & Growth 4 VCT PLC Realisation of Investment (2484W)

17/08/2020 7:30am

UK Regulatory


Mobeus Income & Growth 4... (LSE:MIG4)
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TIDMMIG4

RNS Number : 2484W

Mobeus Income & Growth 4 VCT PLC

17 August 2020

Mobeus Income & Growth 4 VCT plc

(the "Company")

LEI: 213800IFNJ65R8AQW943

Realisation of investment in Tovey Management Limited (trading as Access IS)

The Company is pleased to announce the sale of its investment in Tovey Management Limited ("Access IS") to ASSA ABLOY AB. The Company received GBP5.32 million in cash from the sale and generated a realised gain over cost over the life of the investment of GBP3.77 million, being the equivalent of 4.47 pence per share.

In isolation, the impact of this sale on the Company's latest announced NAV per share (adjusted for subsequent dividends) of 57.30 pence at 31 March 2020, would be an increase of 2.10 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 movements in the Company's investment portfolio, that may also have affected the NAV per share at 30 June 2020. This NAV will be released on or around 7 September 2020.

All four Mobeus-advised VCTs realised their investment in Access IS. Total cash proceeds received by the four Mobeus-advised VCTs over the life of their investment in Access IS are GBP27.81 million, against an original investment cost of GBP11.00 million. This represents a return of 2.53 times the original investment cost and an IRR of 23.4% for each VCT in the five years that this investment was held.

For further information, please contact:

Mobeus Equity Partners LLP, Company Secretary 020 7024 7600

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

DISKKQBQOBKDOFD

(END) Dow Jones Newswires

August 17, 2020 02:30 ET (06:30 GMT)

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