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
7th Jan 202212:05 pmRNSDirector/PDMR Shareholding
7th Jan 202212:03 pmRNSDirector/PDMR Shareholding
7th Jan 202212:00 pmRNSIssue of Equity and Total Voting Rights
16th Dec 20217:00 amRNSTransaction in Own Shares
6th Dec 20217:00 amRNSDirectorate Change
3rd Dec 20219:02 amRNSRealisation of investment - Vian Marketing Limited
2nd Dec 20214:18 pmRNSDividend Declaration
17th Nov 20213:30 pmRNSInterim Management Statement to 30 September 2021
8th Nov 20217:00 amRNSIntention to Launch Joint Offers for Subscription
7th Oct 20213:03 pmRNSRealisation of Proactive Group Holdings Inc
1st Oct 20217:09 amRNSCompletion of change in management arrangements
1st Oct 20217:00 amRNSCompletion of Acquisition
22nd Sep 20214:00 pmRNSTransaction in Own Shares
16th Sep 20217:00 amRNSHalf-year Report
10th Sep 20217:17 amRNSProposed change in management arrangements
10th Sep 20217:12 amRNSProposed change in management arrangements
10th Sep 20217:10 amRNSProposed change in management arrangements
10th Sep 20217:06 amRNSProposed change in management arrangements
10th Sep 20217:00 amRNSAcquisition and proposed placing
6th Aug 20212:01 pmRNSDirector/PDMR Shareholding
6th Aug 20212:00 pmRNSIssue of Equity & Total Voting Rights
16th Jul 20219:00 amRNSDirector Declaration
30th Jun 202110:30 amRNSDividend Declaration
28th Jun 20217:00 amRNSTransaction in Own Shares
26th May 20217:00 amRNSTransaction in Own Shares
18th May 20211:30 pmRNSResult of AGM
14th May 202112:00 pmRNSInterim Management Statement - 1st Quarter
4th May 20218:41 amRNSDirector Declaration - Non-Executive Appointment
6th Apr 20219:00 amRNSPartial Realisation of Investment - MPB Group Ltd
31st Mar 20219:00 amRNSAdmission to AIM of Parsley Box Group plc
29th Mar 20214:00 pmRNSAnnual Financial Report for 31 December 2020
26th Mar 20219:00 amRNSINVESTEE COMPANY – INTENTION TO FLOAT
2nd Mar 20219:00 amRNSUnaudited NAV & Admission to AIM of Virgin Wines
25th Feb 20219:30 amRNSInvestee Company - Intention to Float
11th Jan 202112:00 pmRNSRealisation of Investment
17th Dec 202011:36 amRNSTransaction in Own Shares and Total Voting Rights
1st Dec 20203:00 pmRNSRealisation of Investment
18th Nov 20203:26 pmRNSInterim Management Statement - 3rd Quarter
1st Oct 20207:00 amRNSTransaction in Own Shares
15th Sep 20204:57 pmRNSHalf-year Report
8th Sep 20204:15 pmRNSAppointment of Non-Executive Director
7th Sep 20207:00 amRNSRealisation of Investment
17th Aug 20207:30 amRNSRealisation of Investment
1st Jul 202010:15 amRNSTotal Voting Rights
24th Jun 20202:50 pmRNSDirector/PDMR Shareholding
19th Jun 202010:30 amRNSTransaction in Own Shares
2nd Jun 20204:00 pmRNS1st Quarter Results
2nd Jun 202011:38 amRNSResult of AGM
27th May 20207:49 amRNSRevised Annual General Meeting Arrangements
21st Apr 20203:15 pmRNSTransaction 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.