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11 May 2018 14:34
Mobeus Income & Growth 4 VCT plc ("the Company")
Legal Entity Identifier (LEI): 213800IFNJ65R8AQW943
INTERIM MANAGEMENT STATEMENT
For the quarter ended 31 March 2018
Mobeus Income & Growth 4 VCT plc reports an Interim Management Statement for the quarter ended 31 March 2018. 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 2018 | At 31 December 2017 | |
Net assets attributable to shareholders | £59,153,806 | £58,411,640 |
Shares in issue | 68,358,671 | 67,475,068 |
Net asset value (NAV) per share | 86.53p | 86.57p |
Cumulative dividends paid | 101.20p | 101.20p |
Cumulative Total return (net asset value basis) per share since inception | 187.73p | 187.77p |
DIVIDENDS
The Board have declared a first interim dividend of 4.00 pence per share for the year ending 31 December 2018 payable on 19 June 2018. Once paid, this will reduce the NAV per share by 4.00 pence per share.
FUNDRAISING
The Company closed its Offer for Subscription on 13 March 2018 having received subscriptions totalling £15 million. The Company allotted a total of 16,658,350 shares under the offer, with the final allotment being made on 13 March 2018 for 2,789 shares.
NEW INVESTMENT
The Company made three new investments and two follow-on investments totalling £2.15 million during the quarter.
In January 2018, the Company invested £0.34 million into Proactive Investors, an investor media company. In March 2018, the Company made investments of £0.49 million into Super Carers Limited, an online platform connecting people seeking home care, and £0.52 million into Hemmels, a classic car restoration business.
In February 2018, the Company made a follow-on investment of £0.34 million into MPB, an online marketplace for used camera and video equipment. In March 2018, the Company made a follow-on investment of £0.46 million into Tapas Revolution, a Spanish restaurant chain.
DIVESTMENTS
No divestments occurred during the quarter to 31 March 2018.
£0.09 million of deferred consideration, in respect of the sale of Gro Group Holdings Limited, was receivable during the quarter, including £0.07 million in April 2018, after the quarter end.
LOAN STOCK REPAYMENTS
The VCT received £0.09 million of loan repayments from TPSFF Holdings in the quarter, as well as £0.09 million received after the quarter end.
SHARE BUYBACKS
The Company bought back a total of 302,668 shares during the quarter to 31 March 2018 at an average price of 77.04 pence per share.
For further information, please contact:
Jonathan McGuire, for Mobeus Equity Partners LLP, Company Secretary: 020 7024 7615.
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