ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

MIG4 Mobeus Income & Growth 4 Vct Plc

70.00
0.00 (0.00%)
11 Oct 2024 - Closed
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% 70.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Mobeus Income & Growth 4 VCT PLC Realisation of Investment: Master Removers Group

27/02/2024 2:00pm

RNS Regulatory News


RNS Number : 6567E
Mobeus Income & Growth 4 VCT PLC
27 February 2024
 

Mobeus Income & Growth 4 VCT plc

(the "Company")

 

LEI:  213800IFNJ65R8AQW943

  

Realisation of investment in Master Removers Group Limited (trading as Ward Thomas Removal Limited/Aussie Man & Van Limited/Ward Thomas Property Limited)

The Company is pleased to announce the exit of portfolio company, Master Removers Group (2019) Limited, ("MRG") through the sale of its Bishopsgate business to Elanders AB and alongside this, the sale of its shares in MRG's domestic removals business to management. The Company has received £2.91 million in cash from the sale and, to date, has generated a realised gain over cost during the life of the investment of £3.47 million, being the equivalent of 3.45 pence per share. Further sale and contingent proceeds of up to £0.55 million will be receivable in due course. The cash proceeds received upon completion including amounts still due under the terms of the sale are not materially different from the value at which the Company held its investment in MRG.

Including sale proceeds due to be received by the Company later in the year, cash proceeds received over the life of the investment will total £5.52 million, against an original cost of £1.69 million. This represents an IRR of 26% and a multiple on cost of 3.3x. This multiple on cost will increase to 3.4x if all potential contingent proceeds are subsequently received.

For further information, please contact:

Gresham House Asset Management Limited,

Company Secretary

 

+44 (0)20 7382 0999

 

 

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DISXDLFLZLLXBBL

1 Year Mobeus Income & Growth 4... Chart

1 Year Mobeus Income & Growth 4... Chart

1 Month Mobeus Income & Growth 4... Chart

1 Month Mobeus Income & Growth 4... Chart

Your Recent History

Delayed Upgrade Clock