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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
 
 
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Date   Source Headline
7th Feb 20206:40 pmRNSPublication of Suppl.Prospcts
7th Feb 20206:37 pmRNSPublication of Suppl.Prospcts
7th Feb 20206:36 pmRNSPublication of Suppl.Prospcts
7th Feb 20206:34 pmRNSPublication of Suppl.Prospcts
7th Feb 20206:30 pmRNSPublication of Suppl.Prospcts
3rd Feb 202011:30 amRNSTotal Voting Rights
8th Jan 20204:31 pmRNSFundraising Update
8th Jan 20204:20 pmRNSIssue of Equity & Total Voting Rights
20th Dec 20192:15 pmRNSPublication of Suppl.Prospcts
20th Dec 20192:15 pmRNSPublication of Suppl.Prospcts
20th Dec 20192:15 pmRNSPublication of Suppl.Prospcts
20th Dec 20192:15 pmRNSPublication of Suppl.Prospcts
13th Dec 20195:50 pmRNSDividend Declaration
13th Dec 20199:15 amRNSTransaction in Own Shares
27th Nov 20194:15 pmRNSInterim Management Statement - 3rd Quarter Results
27th Nov 20191:52 pmRNSDividend Declaration
26th Nov 20195:00 pmRNSDirectorate Change
19th Nov 201912:00 pmRNSFundraising Update
25th Oct 20194:00 pmRNSPublication of a Prospectus
21st Oct 201912:57 pmRNSDirector Declaration
11th Oct 20193:00 pmRNSResult of Meeting
1st Oct 201910:00 amRNSTotal Voting Rights
27th Sep 201912:00 pmRNSTransaction in Own Shares
10th Sep 20195:00 pmRNSNotice of GM
10th Sep 20195:00 pmRNSNotice of GM
10th Sep 20195:00 pmRNSFundraising Update, Circular and General Meetings
10th Sep 20195:00 pmRNSNotice of GM
14th Aug 201911:05 amRNSNational Storage Mechanism
8th Aug 201910:54 amRNSHalf-year Report
31st Jul 20197:00 amRNSReduction of Capital
29th Jul 201911:00 amRNSShare buyback policy objective
29th Jul 20197:00 amRNSIntention to launch offers for subscription
3rd Jul 201911:33 amRNSRealisation of investment
20th May 20199:28 amRNSTransaction in Own Shares
15th May 201910:16 amRNSTransaction in Own Shares
13th May 201910:10 amRNS1st Quarter Results - Interim Management Statement
10th May 20192:08 pmRNSDirectorate Change
10th May 20192:05 pmRNSResult of AGM
27th Mar 201910:48 amRNSTransaction in Own Shares
26th Mar 201912:33 pmRNSAnnual Financial Report
20th Mar 20194:07 pmRNSAnnual Results for the year ended 31 December 2018
20th Dec 201810:13 amRNSTransaction in Own Shares
26th Nov 20189:23 amRNSTransaction in Own Shares
16th Nov 20189:55 amRNSInterim Management Statement - 3rd Quarter Results
27th Sep 201811:11 amRNSTransaction in Own Shares
15th Aug 20185:09 pmRNSSubmission to the NSM
14th Aug 201811:37 amRNSDividend Investment Scheme - Suspension
14th Aug 201811:15 amRNSDividend Investment Scheme - Suspension
14th Aug 201810:39 amRNSHalf-year Report
20th Jun 201810:31 amRNSIssue of Equity

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