Talon Resources Targets Ontario Gold Growth After AIM Move and Eagle Lake Acquisition, CEO Says. Watch here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksMIG4.L Regulatory News (MIG4)

  • There is currently no data for MIG4

Interim Management Statement

10 May 2013 11:54

MOBEUS INCOME & GROWTH 4 VCT PLC - Interim Management Statement

MOBEUS INCOME & GROWTH 4 VCT PLC - Interim Management Statement

PR Newswire

London, May 10

Mobeus Income & Growth 4 VCT plc (the "Company") INTERIM MANAGEMENT STATEMENT For the quarter ended 31 March 2013

In accordance with Rule 4.3 of the Disclosure and Transparency Rules of the UKListing Authority, Mobeus Income & Growth 4 VCT plc presents an InterimManagement Statement for the quarter ended 31 March 2013. The statement alsoincludes relevant financial information between the end of the period and thedate of this statement.

NET ASSET VALUE AND TOTAL RETURN PER SHARE

31 March 2013 31 December 2012 Net assets attributable to shareholders £38,774,929 £33,537,271 Shares in issue 32,320,827 28,589,452 Net asset value per Ordinary Share 119.97p 117.31p Cumulative dividends paid per Ordinary Share 26.70p 26.70p

Total return per share (net asset value basis) 146.67p 144.01psince inception

DIVIDEND

No dividends were paid during the quarter, but an interim dividend of 5.5 penceper share (1.0 pence from income and 4.5 pence from capital) is being paid forthe eleven months ended 31 December 2012, today (10 May 2013), bringingcumulative dividends paid to date to 32.2 pence per share.

NEW INVESTMENT

On 14 March 2013, the Company invested £1,484,302 (including £1,000,000 fromFosse Management Limited, one of the Company's acquisition companies) tosupport the MBO of Gro-Group, a market leader for baby sleep time products inthe UK and Australia.

FURTHER INVESTMENTS

In February 2013, the Company made a further investment into Fullfield (tradingas Motorclean) of £683,135, utilising the Company's existing investment in theacquisition vehicle, Almsworthy. This investment supported Motorclean'sacquisition of Forward Valeting Services Limited, a company with a similarbusiness model in the UK car valeting market. As a result, the Company alsoreceived a repayment of funds from Almsworthy of £316,865.

A further loan stock investment of £41,912 for working capital purposes wasmade in March 2013 into British International Holdings Ltd.

Following the quarter-end in March 2013, the VCT has made a further investmentof £1 million, utilising £1 million from the acquisition vehicle PeddarsManagement, into ATG Media Holdings, an existing investment. This was tofinance ATG's acquisition of Bidspotter, a US company providing live biddingand auction software to industrial and commercial liquidation auctioneers.

DIVESTMENTS

In March 2013, the VCT sold part of its loan stock and its entire equityinvestment in Faversham House for net proceeds of £142,742. The Companycontinues to hold a loan stock investment in Faversham of £102,906. The totalof these figures, £245,648 compares with a total original cost of £346,488 andwith the 31 December 2012 valuation of £79,560.

LOAN STOCK REPAYMENTS

One repayment of £18,214 was received from Tessella, an investment that wasmade in July 2012.

MOBEUS VCT's - LINKED OFFER FOR SUBSCRIPTION

The Linked Offer for Subscription with two other Mobeus advised VCTs launchedon 29 November 2013 and closed on 30 April 2013. It raised total gross proceedsof £24.85 million with each company raising £8.28 million.

The Company has issued and allotted 6,951,240 new Ordinary Shares of 1p each intotal. 1,643,474 were allotted at a price of 120.1 pence per share, 5,066,036at a price of 121.3 pence per share, 89,900 at a price of 124.2 pence per shareand 151,830 at a price of 115.6 pence per share.

ENHANCED BUYBACK FACILITY

The Company launched an Enhanced Buyback Facility on 24 January 2013, whichclosed on 25 March 2013. Applications were received for both the 2012/2013 and2013/2014 tax years. In total 5,902,280 ordinary shares of 1.0 pence each("Shares") were purchased at a price of 117.3 pence per share and 5,721,589 newShares at 121.0 pence per share were allotted and issued pursuant to theEnhanced Buyback Facility.

SHARE BUY-BACKS

The Company bought back 219,000 of its own Ordinary Shares at an average priceof 102.125 pence per share on 28 March 2013, representing an average discountof 10.3% to latest published net asset value per share on the date of purchase.There were 35,169,862 Ordinary Shares in issue at the date of thisannouncement.

For further information, please contact:

Robert Brittain, for Mobeus Equity Partners LLP, Company Secretary: 020 7024 7600.

Date   Source Headline
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
21st May 20092:19 pmPRNResult of AGM
30th Apr 20094:50 pmPRNTotal Voting Rights
28th Apr 20099:43 amPRNTransaction in Own Shares
20th Apr 20094:13 pmPRNAnnual Information Update
20th Apr 20094:06 pmPRNDoc re Annual Report for the year ended 31 January 2009
8th Apr 20094:29 pmPRNFinal Results
29th Jan 20095:55 pmPRNTotal Voting Rights
26th Jan 20095:25 pmPRNTransaction in Own Shares
20th Jan 20091:24 pmPRNTotal Voting Rights
23rd Dec 20085:21 pmPRNTransaction in Own Shares
17th Dec 20084:23 pmPRNTransaction in Own Shares
3rd Dec 20083:32 pmPRNChange of Adviser
26th Nov 20084:27 pmPRNInterim Management Statement
7th Oct 20082:42 pmPRNDoc re Half-Yearly Report
30th Sep 20082:44 pmPRNTotal Voting Rights
29th Sep 200812:05 pmPRNTransaction in Own Shares
31st Jul 20089:43 amPRNTotal Voting Rights
29th Jul 20084:15 pmPRNRevocation of investment company status
28th Jul 200811:10 amPRNTransaction in Own Shares
30th Jun 20089:55 amPRNTotal Voting Rights
24th Jun 200810:11 amPRNChange of Registered Office
4th Jun 20084:41 pmPRNTransaction in Own Shares
21st May 20083:13 pmPRNResult of AGM
2nd May 20084:01 pmPRNTransaction in Own Shares
21st Apr 20083:54 pmPRNAnnual Information Update
1st Apr 20086:24 pmPRNFinal Results
31st Jan 20084:49 pmPRNTotal Voting Rights
31st Jan 20084:41 pmPRNTransaction in Own Shares
31st Dec 200710:03 amPRNTotal Voting Rights
18th Dec 20074:50 pmPRNTransaction in Own Shares
18th Dec 20077:00 amPRNTransaction in Own Shares
13th Dec 200710:01 amPRNRealisation of investment
28th Nov 20075:39 pmPRNInterim Management Statement
1st Nov 20073:22 pmPRNTotal Voting Rights
1st Nov 20073:19 pmPRNTransaction in Own Shares
28th Sep 20074:34 pmPRNHalf-yearly Report
24th Aug 200711:41 amPRNNet Asset Value(s)
1st Aug 20074:31 pmPRNTotal Voting Rights
1st Aug 20074:27 pmPRNTransaction in Own Shares

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.