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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
5th Jul 20121:14 pmPRNClose of Offer for Subscription
3rd Jul 20124:16 pmPRNTransaction in Own Shares
2nd Jul 201210:17 amPRNChange of Name
29th Jun 20127:00 amPRNTransaction in Own Shares
15th Jun 20123:10 pmPRNIssue of Equity
14th Jun 20129:11 amPRNInterim Management Statement
7th Jun 20129:56 amPRNDisposal of investment in Iglu.com Holidays Limited
11th May 20125:04 pmPRNTransaction in Own Shares
11th May 20123:10 pmPRNDoc re Annual Report & Accounts (including AGM Notice)
10th May 201212:32 pmPRNIssue of Equity
8th May 201211:08 amPRNOffer Update and Issue of Supplementary Prospectus
8th May 201210:21 amPRNOffer Update and Issue of Supplementary Prospectus
8th May 201210:08 amPRNOffer Update and Issue of Supplementary Prospectus
2nd May 20124:20 pmPRNTransaction in Own Shares
1st May 201210:27 amPRNFinal Results
20th Apr 201212:04 pmPRNDividend Declaration
19th Apr 20124:21 pmPRNOffer Update - Extension of Offer
5th Apr 20127:28 pmPRNIssue of Equity
4th Apr 20125:53 pmPRNIssue of Equity
23rd Mar 201212:07 pmPRNOffer Update and Issue of Supplementary Prospectus
23rd Mar 201212:02 pmPRNOffer Update and Issue of Supplementary Prospectus
23rd Mar 201211:55 amPRNOffer Update and Issue of Supplementary Prospectus
9th Mar 201210:06 amPRNDirector/PDMR Shareholding
8th Mar 20125:35 pmPRNIssue of Equity
2nd Mar 20124:07 pmPRNNet Asset Value(s)
26th Jan 20124:38 pmPRNTransaction in Own Shares
20th Jan 20123:22 pmPRNPublication of Prospectus and Management Arrangements
20th Jan 20123:19 pmPRNPublication of Prospectus and Management Arrangements
20th Jan 20123:14 pmPRNPublication of Prospectus and Management Arrangements
19th Dec 20119:41 amPRNRealisation of investment
6th Dec 201110:00 amPRNInterim Management Statement
29th Nov 201111:11 amPRNTransaction in Own Shares
12th Oct 20119:44 amPRNDoc re: unaudited Half-Yearly Report
22nd Sep 20113:47 pmPRNHalf-yearly Report
14th Jul 201112:45 pmPRNIssue of Equity
6th Jul 20114:25 pmPRNIssue of Equity
28th Jun 201112:44 pmPRNTransaction in Own Shares
20th Jun 20112:11 pmPRNInterim Management Statement
23rd May 20113:32 pmPRNDoc re Annual Report (including AGM notice)
23rd May 201110:37 amPRNOffer Update and Issue of Supplementary Prospectus
19th May 20115:49 pmPRNTransaction in Own Shares
16th May 20116:00 pmPRNFinal Results - 31 January 2011
12th May 20113:04 pmPRNDirector/PDMR Shareholding
10th May 20112:59 pmPRNIssue of Equity
6th May 20113:51 pmPRNNet Asset Value and Notification of Allotment
21st Apr 20114:22 pmPRNOffer Update - Extension of Offer
18th Apr 20119:52 amPRNDirector Declaration
15th Apr 20113:59 pmPRNDividend Declaration
7th Apr 20113:08 pmPRNIssue of Equity - CORRECTION
6th Apr 20119:36 amPRNIssue of Equity

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