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21 Feb 2024 07:00
MOBEUS INCOME & GROWTH 2 VCT PLC
("the Company")
LEI: 213800LY62XLI1B4VX35
INTERIM MANAGEMENT STATEMENT
For the quarter ended 31 December 2023
Mobeus Income & Growth 2 VCT plc presents an Interim Management Statement for the quarter ended 31 December 2023. The statement also includes relevant financial information between the end of the period and the date of this statement.
NET ASSET VALUE AND TOTAL RETURN PER SHARE
| At 31 December 2023 (unaudited) | At 30 September 2023 (unaudited) |
Net assets attributable to shareholders | £66,725,514 | £72,522,568 |
Shares in issue | 97,332,845 | 97,655,966 |
Net asset value (NAV) per share | 68.55p | 74.26p |
Cumulative dividends paid | 153.00p | 147.00p |
Cumulative Total return (net asset value basis) per share since inception | 221.55p | 221.26p |
Net asset value (NAV) per share, after adding back the dividend of 6.00 pence per share paid on 8 November 2023, has increased by 0.4% in the quarter ended 31 December 2023.
INVESTMENT ACTIVITY DURING THE PERIOD
New Investments during the period
On 15 December 2023, a new equity investment of £0.92 million was made into Ozone Financial Technology Limited, an open banking software developer.
On 21 December 2023, a new equity investment of £0.47 million was made into Huddl Mobility Limited (trading as CitySwift), a passenger transport data and scheduling software provider.
On 22 December 2023, a new equity investment of £0.32 million was made into Azarc.io Inc, a cross-border customs automation software provider.
Further Investments during the period
On 20 November 2023, a follow-on loan investment of £0.14 million was made into Rota Geek Limited, a provider of cloud-based staff scheduling solutions.
On 11 December 2023, a follow-on equity investment of £0.10 million was made into Focal Point Positioning Limited, a provider of GPS enhancement software.
Share Buyback
On 20 December 2023, the Company purchased 323,121 of its own ordinary shares at a price of 64.85 pence per share.
All shares bought back by the Company were subsequently cancelled.
DIVIDEND PAID DURING THE PERIOD
On 8 November 2023, an interim dividend of 6.00 pence per share in respect of the year ending 31 March 2024 was paid to all Shareholders whose names were on the register on 22 September 2023.
INVESTMENT ACTIVITY AFTER THE PERIOD END
Follow-on investment after the period end
On 10 January 2024, a follow-on equity investment of £0.35 million was made into MyTutorweb Limited, a digital marketplace for online tutoring.
Realisation after the period end
The Company is pleased to announce the sale of Masters Removers Group (2019) Limited ("MRG") to Elanders AB and alongside this, the sale of its shares in MRG's domestic removals business to management. There is no material difference in proceeds receivable compared to the value at which the Company holds its investment in MRG. Further details will be announced via a separate RNS in due course.
Share Buyback after the period end
On 19 January 2024, the Company purchased 205,824 of its own ordinary shares at a price of 64.85 pence per share.
All shares bought back by the Company were subsequently cancelled.
DIVIDENDS PAYABLE AFTER THE PERIOD END
On 20 February 2024, the Board declared a second interim dividend of 6.00 pence per share in respect of the year ending 31 March 2024 to be paid on 22 March 2024 to those shareholders on the Register of Members on 1 March 2024.
Payment of this dividend will reduce NAV per share and increase cumulative dividends paid (shown above) by a corresponding amount.
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:
Gresham House Asset Management Limited,
Company Secretary
020 7382 0999
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