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MIX Mobeus Income & Growth Vct Plc

56.00
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Mobeus Income & Growth Vct Plc LSE:MIX London Ordinary Share GB00B01WL239 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% 56.00 54.50 57.50 56.00 56.00 56.00 1 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Investors, Nec -15.97M -18.79M -0.1128 -4.96 93.29M

Mobeus Income & Growth VCT PLC Interim Management Statement 3rd Quarter Results (5339G)

06/11/2018 3:42pm

UK Regulatory


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TIDMMIX

RNS Number : 5339G

Mobeus Income & Growth VCT PLC

06 November 2018

Mobeus Income & Growth VCT plc

("the Company")

INTERIM MANAGEMENT STATEMENT

For the quarter ended 30 September 2018

Mobeus Income & Growth VCT plc presents an Interim Management Statement for the third quarter ended 30 September 2018. The statement also includes relevant financial information between the end of the period and the date of this statement.

NET ASSET VALUE (NAV) AND TOTAL RETURN PER SHARE

 
                                        At 30 September 2018         At 30 June 
                                                                           2018 
 Net assets attributable to shareholders    GBP74.18 million   GBP75.38 million 
 Shares in issue                                 107,696,072        108,170,944 
 Net asset value (NAV) per share                 68.88 pence        69.69 pence 
 Cumulative dividends paid                      113.80 pence       111.80 pence 
 Cumulative total return per 
  share (NAV basis) since inception 
  in 2004                                       182.68 pence       181.49 pence 
 

The NAV per share decreased by 0.81 pence over the quarter, principally due to the payment of an interim dividend of 2.00 pence per share in the quarter, referred to below.

DIVIDENDS

The Company paid an interim capital dividend of 2.00 pence per share for the year ending 31 December 2018 on 21 September 2018. This brings cumulative dividends paid since the launch of the Company to 113.80 pence per share.

INVESTMENT ACTIVITY

Investments during the period

The Company made one new investment and one follow-on investment into an existing portfolio company during the period.

On 13 August 2018, GBP0.57 million was invested into Rotageek, a provider of cloud-based enterprise software used to schedule staff effectively and fairly.

On 28 September 2018, a follow-on investment of GBP1.20 million was made into Preservica, a seller of proprietary digital archiving software.

Investments following the period end

On 9 October 2018, GBP0.83 million was invested into Biosite, an existing portfolio company and provider of workforce management and security services.

On 10 October 2018, a follow-on investment of GBP0.42 million was made into Proactive Investors, a provider of investor media services.

On 19 October 2018, a follow-on investment of GBP0.07 million was made into MPB, an online marketplace for used photographic equipment.

Realisations during the period

On 28 August 2018, the Company realised its investment in Fullfield, receiving cash proceeds of GBP0.92 million. The realisation contributed to a return of 1.2 times the original investment cost, and an IRR of 5.0% over the seven years that this investment was held.

On 7 September 2018, GBP0.27 million cash proceeds was received from the sale of Hemmels Limited, a restorer of classic cars. The sale represented a realised loss of GBP0.33 million on the original investment cost over the six months this investment was held.

On 18 September 2018, the Company realised its investment in Lightworks, receiving cash proceeds of GBP0.94 million. The realisation contributed to a return of 21.7 times the original investment cost and an IRR of 57.2%.

Including the preference share repayments of GBP0.09 million referred to below, and liquidation proceeds of GBP0.02 million, net cash proceeds for the period amounted to GBP2.24 million.

PREFERENCE SHARE REPAYMENTS

The Plastic Surgeon Holdings bought back a total of GBP0.18 million of A preference shares owned by the Company, in two equal tranches on 31 July and 31 October 2018.

SHARE BUY-BACKS

On 17 August 2018, the Company purchased 195,000 of its own ordinary shares at a price of 61.50 pence per share for cancellation. On 26 September 2018, the Company purchased a further 279,872 of its own ordinary shares at an average price of 60.50 pence per share for cancellation.

Following these purchases, the Company has 107,696,072 ordinary shares of 1 penny each in issue.

Please note that all of the above information is unaudited.

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

For further information, please contact:

Robert King, for 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

QRTFSEFIMFASEDF

(END) Dow Jones Newswires

November 06, 2018 10:42 ET (15:42 GMT)

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