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 0.0% 58.00 56.50 59.50 58.00 58.00 58.00 0.00 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 2.9 2.0 1.7 35.2 74

Mobeus Income & Growth VCT PLC Realisation of Investment

07/09/2020 7:00am

UK Regulatory (RNS & others)

Mobeus Income & Growth Vct (LSE:MIX)
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RNS Number : 1413Y

Mobeus Income & Growth VCT PLC

07 September 2020

Mobeus Income & Growth VCT plc

(the "Company")

   LEI:   213800HKOSEVWS7YPH79 

Realisation of investment in Blaze Signs Holdings Limited

The Company is pleased to announce the sale of its investment in Blaze Signs Holdings Limited ("Blaze") to a private equity fund advised by Elaghmore Advisor LLP. The Company has received GBP1.98 million in cash from the sale, generating a realised gain over cost over the life of the investment of GBP3.32 million, being the equivalent of 2.61 pence per share.

In isolation, the impact of this sale on the Company's latest announced NAV per share (adjusted for subsequent dividends) of 52.78 pence at 31 March 2020, would be an increase of 1.37 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 30 June 2020. The Board expects that this NAV per share at 30 June 2020 will be released before 14 September 2020.

All four Mobeus-advised VCTs realised their investment in Blaze. Cash proceeds have been received by the four Mobeus-advised VCTs over the life of their investment in Blaze of GBP13.81 million, against an original investment cost of GBP5.30 million. This represents a return for the Mobeus VCTs in aggregate of 2.6 times the original investment cost and an IRR of 13% in the 14 years that this investment was held.

For further information, please contact:

Mobeus Equity Partners LLP, Company Secretary 020 7024 7600

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(END) Dow Jones Newswires

September 07, 2020 02:00 ET (06:00 GMT)

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