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Pin to quick picksMobeus I&g 4 Regulatory News (MIG4)

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Mobeus Income & Growth 4 VCT is an Investment Trust

To provide investors with a regular income stream and to generate capital growth by investing primarily in a diverse portfolio of UK unquoted companies.

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1st Quarter Results - Interim Management Statement

13 May 2019 10:10

RNS Number : 8169Y
Mobeus Income & Growth 4 VCT PLC
13 May 2019
 

 

Mobeus Income & Growth 4 VCT plc ("the Company")

 

INTERIM MANAGEMENT STATEMENT

For the quarter ended 31 March 2019

 

Mobeus Income & Growth 4 VCT plc presents an Interim Management Statement for the quarter ended 31 March 2019. 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 March 2019

At 31 December 2018

Net assets attributable to shareholders

£59,476,720

£57,895,784

Shares in issue

67,907,163

68,282,994

Net asset value (NAV) per share

87.59p

84.79p

Cumulative dividends paid

105.20p

105.20p

Cumulative Total return (net asset value basis) per share since inception

192.79p

189.99p

 

DIVIDENDS

A final dividend of 4.00 pence per share in respect of the year ended 31 December 2018 was approved by shareholders at the AGM held on 10 May 2019. The final dividend will be paid, to shareholders on the register on 26 April 2019, on 28 May 2019 and will bring cumulative dividends paid since inception to 109.20 pence per share.

 

NEW INVESTMENTS

The Company made no new investments during the quarter.

 

DIVESTMENTS

After the quarter end, the Company realised its investment in The Plastic Surgeon Holdings Limited. Cash proceeds received on completion were £1.38 million. In isolation, the impact of this transaction would represent an uplift on NAV per share disclosed above of 0.52 pence per share. Over the life of this investment, the Company received £2.56 million compared to an original cost of £0.46 million, which equates to a 5.6x multiple on cost and an IRR of 20.5%.

 

LOAN STOCK REPAYMENTS

The VCT received final repayments from the five companies preparing to trade totalling £1.35 million.

 

SHARE BUYBACKS

On 26 March 2019, the Company repurchased 375,831 of its own ordinary shares at a price of 75.59 pence per share for cancellation.

 

Following this share buyback and cancellation there are now 67,907,163 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
 
 
MSCGMGMKLFKGLZG
Date   Source Headline
23rd Dec 201012:12 pmPRNTransaction in Own Shares
22nd Dec 20103:08 pmPRNOffer Update and Issue of Supplementary Prospectus
20th Dec 20103:06 pmPRNInterim Management Statement
30th Nov 20102:28 pmPRNTotal Voting Rights
29th Nov 201010:13 amPRNIssue of Equity
12th Nov 20106:12 pmPRNPublication of Prospectus
29th Oct 201011:31 amPRNTotal Voting Rights
25th Oct 201011:58 amPRNTransaction in Own Shares
6th Oct 20102:56 pmPRNDoc re Half-Yearly Report
27th Sep 20105:32 pmPRNDirectorate Change
27th Sep 20105:31 pmPRNHalf-yearly Report
30th Jul 201012:32 pmPRNTotal Voting Rights
30th Jul 201012:32 pmPRNTotal Voting Rights
28th Jul 20105:20 pmPRNTransaction in Own Shares
27th Jul 201010:30 amPRNDirectorate Change
2nd Jul 20103:56 pmPRNTransaction in Own Shares
30th Jun 20103:23 pmPRNTotal Voting Rights
16th Jun 20103:41 pmPRNDirector/PDMR Shareholding
16th Jun 20103:29 pmPRNIssue of Equity
14th Jun 20104:01 pmPRNForfeiture of shares
8th Jun 20103:13 pmPRNInterim Management Statement
27th May 20101:06 pmPRNResult of AGM
30th Apr 20102:49 pmPRNAnnual Financial Report
30th Apr 201011:54 amPRNTotal Voting Rights
13th Apr 201011:51 amPRNAnnual Information Update
12th Apr 20104:10 pmPRNAnnual Financial Report
8th Apr 20102:58 pmPRNAdmission of new Ordinary Shares to trading
6th Apr 20109:49 amPRNOffer for subscription closed
6th Apr 20109:46 amPRNIssue of Equity
1st Apr 20107:00 amPRNIssue of Equity
31st Mar 201010:00 amPRNStatement re Top-Up Offer
29th Mar 20109:44 amPRNNet Asset Value(s)
28th Jan 20104:44 pmPRNDoc re Offer for Subscription
28th Jan 20107:00 amPRNOffer for Subscription
31st Dec 20097:00 amPRNTotal Voting Rights
22nd Dec 200911:45 amPRNTransaction in Own Shares
18th Dec 20093:53 pmPRNInterim Management Statement
30th Nov 20093:29 pmPRNTotal Voting Rights
19th Nov 20093:42 pmPRNStatement re Realisation of investment in PastaKing
9th Nov 20095:41 pmPRNTransaction in Own Shares
2nd Nov 20095:11 pmPRNTotal Voting Rights
7th Oct 20095:31 pmPRNTransaction in Own Shares
2nd Oct 20099:44 amPRNDoc re Half-Yearly Report
18th Sep 20097:00 amPRNHalf-yearly Report
2nd Sep 200910:58 amPRNTotal Voting Rights
1st Sep 20093:02 pmPRNTransaction in Own Shares
2nd Jul 20095:29 pmPRNStatement re Realisation of investment
1st Jul 20099:35 amPRNTotal Voting Rights
1st Jul 20099:27 amPRNTransaction in Own Shares
21st May 20092:22 pmPRNInterim Management Statement

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