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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
11th Nov 20142:08 pmRNSInterim Management Statement
11th Nov 20149:18 amRNSTotal Voting Rights
22nd Oct 20143:05 pmRNSIntention to launch offers for subscription
22nd Oct 201412:00 pmRNSIntention to launch offers for subscription
2nd Oct 20149:12 amRNSTransaction in Own Shares
1st Oct 201412:23 pmRNSTotal Voting Rights
12th Sep 20144:05 pmRNSIssue of Equity
1st Sep 20144:42 pmRNSTotal Voting Rights
19th Aug 201410:46 amRNSNational Storage Mechanism
13th Aug 20144:25 pmRNSHalf Yearly Report
7th Jul 20149:29 amRNSDirector Declaration
25th Jun 20149:54 amRNSTransaction in Own Shares
6th Jun 20142:29 pmRNSIssue of Equity
2nd Jun 20149:39 amRNSOffer Update
2nd Jun 20149:37 amRNSOffer Update
2nd Jun 20149:33 amRNSOffer Update
19th May 20142:21 pmRNSIssue of Equity
16th May 20148:41 amRNSTransaction in Own Shares
14th May 20148:48 amRNSTransaction in Own Shares
12th May 20143:03 pmRNSInterim Management Statement
9th May 20146:01 pmRNSAGM Statement
29th Apr 20143:37 pmRNSOffer Update
16th Apr 20145:39 pmRNSOffer Update
7th Apr 20149:58 amRNSIssue of Equity
4th Apr 20149:19 amRNSIssue of Equity
1st Apr 201411:17 amPRNDirector/PDMR Shareholding
1st Apr 201411:13 amPRNIssue of Equity
26th Mar 201410:40 amPRNSupplementary Prospectus
25th Mar 20149:15 amPRNTransaction in Own Shares
24th Mar 20147:00 amPRNOffer Update
12th Feb 20143:41 pmPRNIssue of Equity
10th Jan 20147:00 amPRNDirector/PDMR Shareholding
9th Jan 20146:01 pmPRNIssue of Equity
19th Dec 20132:15 pmPRNIssue of Supplementary Prospectus
19th Dec 20132:14 pmPRNIssue of Supplementary Prospectus
19th Dec 20132:14 pmPRNIssue of Supplementary Prospectus
19th Dec 20132:13 pmPRNIssue of Supplementary Prospectus
3rd Dec 20139:32 amPRNTotal Voting Rights
29th Nov 20137:00 amPRNJoint Offer for Subscription and Issue of Prospectus
29th Nov 20137:00 amPRNJoint Offer for Subscription and Issue of Prospectus
29th Nov 20137:00 amPRNJoint Offer for Subscription and Issue of Prospectus
29th Nov 20137:00 amPRNJoint Offer for Subscription and Issue of Prospectus
12th Nov 20131:19 pmPRNTransaction in Own Shares
8th Nov 20139:30 amPRNInterim Management Statement
1st Oct 20131:07 pmPRNTotal Voting Rights
27th Sep 20139:51 amPRNIntention to Launch an Offer
26th Sep 20135:19 pmPRNIssue of Equity
2nd Sep 201312:12 pmPRNTotal Voting Rights
27th Aug 201310:10 amPRNHalf-yearly Report - NSM
21st Aug 20133:57 pmPRNTransaction in Own Shares

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