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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
15th Jun 20077:00 amPRNInterim Management Statement
13th Jun 20072:43 pmPRNResult of AGM
31st May 20075:29 pmPRNTotal Voting Rights
31st May 20074:23 pmPRNTransaction in Own Shares
24th May 20075:13 pmPRNTransaction in Own Shares
15th May 20074:31 pmPRNAnnual Report and Accounts
2nd May 20072:38 pmPRNAnnual Information Update
1st May 200712:41 pmPRNTotal Voting Rights
18th Apr 200710:36 amPRNTransaction in Own Shares
17th Apr 20079:28 amPRNFinal Results
10th Apr 20077:00 amPRNIssue of Equity
4th Apr 20075:53 pmPRNIssue of Equity
3rd Apr 200712:10 pmPRNTotal Voting Rights
2nd Apr 20074:17 pmPRNIssue of Equity
19th Mar 20074:46 pmPRNIssue of Equity
5th Mar 20074:38 pmPRNIssue of Equity
2nd Mar 20073:53 pmPRNNet Asset Value(s)
19th Feb 20075:13 pmPRNIssue of Equity
19th Feb 20075:10 pmPRNTransaction in Own Shares
1st Feb 20075:05 pmPRNDirector/PDMR Shareholding
1st Feb 20075:00 pmPRNIssue of Equity
20th Dec 20064:16 pmPRNTotal Voting Rights
2nd Nov 20065:17 pmPRNOffer for Subscription Document Posted
18th Oct 20062:24 pmPRNChange of Name
18th Oct 200612:00 pmPRNEGM Statement
16th Oct 20063:54 pmPRNRestructuring proposals and VCT tax reliefs
22nd Sep 20064:33 pmPRNCirc re Restructuring and Fund-raising
23rd Aug 20064:24 pmPRNNet Asset Value(s)
3rd Aug 20062:28 pmPRNStatement re changes to management arrangements
4th Jul 20069:35 amPRNTransaction in Own Shares
5th Jun 20063:58 pmPRNTransaction in Own Shares
24th May 20063:46 pmPRNResult of AGM
10th May 200612:17 pmPRNTransaction in Own Shares
4th May 200611:05 amPRNAnnual Report and Accounts
20th Apr 20066:14 pmPRNAnnual Information Update
20th Apr 200611:38 amPRNTransaction in Own Shares
30th Mar 20064:27 pmRNSFinal Results
24th Jan 20063:33 pmRNSPurchase of own shares
13th Dec 200511:27 amRNSNet Asset Value(s)
24th Oct 20054:04 pmRNSPurchase of Own Shares
3rd Oct 20054:34 pmRNSPurchase of Own Shares
15th Sep 20059:13 amRNSInterim Results
2nd Sep 200511:24 amRNSNet Asset Value(s)
28th Jul 200511:19 amRNSPurchase of Own Shares
19th Jul 20059:18 amRNSPurchase of Own Shares
6th Jun 20053:12 pmRNSPurchase of Own Shares
1st Jun 20054:53 pmRNSNet Asset Value(s)
22nd Apr 20054:02 pmRNSPurchase of Own Shares
6th Apr 20054:14 pmRNSFinal Results
25th Feb 200512:14 pmRNSNet Asset Value(s)

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