Sign In
23 May 2022 16:00
Mobeus Income & Growth VCT plc
("the Company")
LEI: 213800HKOSEVWS7YPH79
INTERIM MANAGEMENT STATEMENT
For the quarter ended 31 March 2022
Mobeus Income & Growth VCT plc presents an Interim Management Statement for the quarter ended 31 March 2022. 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 2022 (unaudited) | At 31 December 2021 (audited) |
Net assets attributable to shareholders | £112.85 million | £112.96 million |
Shares in issue | 137,310,943 | 125,077,481 |
Net asset value (NAV) per share | 82.18 pence | 90.31 pence |
Cumulative dividends paid | 148.80 pence | 144.80 pence |
Cumulative Total return (net asset value basis) per share since inception | 230.98 pence | 235.11 pence |
The NAV per share has decreased by 8.13 pence in the quarter (a decrease of 9.0% from the opening NAV per share). This decrease arises both from the 4.00 pence per share dividend paid in January 2022 as well as a fall in unrealised valuations. On a total return basis, after adding back the dividend of 4.00 pence per share, the decrease is 4.6%.
OFFER FOR SUBSCRIPTION
On 20 January 2022, the Company took part in a Joint Offer for Subscription ("Offer") alongside the other Mobeus VCTs. Following unprecedented demand, the Offer became fully subscribed in record time, with an allotment of 12,233,462 shares taking place on 9 March 2022 raising net funds (after costs) of £9.69 million for the Company.
DIVIDEND PAID IN THE PERIOD
On 7 January 2022, an interim dividend of 4.00 pence per share in respect of the year ended 31 December 2021 was paid to all Shareholders whose names were on the register on 10 December 2021.
INVESTMENT ACTIVITY DURING THE PERIOD
New Investment during the period
On 10 February 2022, the Company completed a new investment of £0.73 million into Proximity Insight, a retail technology business.
Follow-on investments during the period
On 24 January 2022 and 22 February 2022, follow-on investments totalling £0.27 million were made into Caledonian Leisure, a UK-based leisure and experience breaks provider.
Loan repayment and other proceeds during the period
The Company received a loan repayment of £0.12 million from Media Business Insight and other proceeds totalling £0.55 million from investments realised in a previous year, primarily from Vian Marketing (trading as Red Paddle).
INVESTMENT ACTIVITY AFTER THE PERIOD END
New investment after the period end
On 5 May 2022, the Company completed a new investment of £0.58 million into Bidnamic, a marketing technology business.
Follow-on investment after the period end
On 6 April 2022, a further investment of £0.17 million was made into Northern Bloc, a dairy and allergen-free ice cream producer.
Please note that all of the above information is unaudited.
Other than as described above, there were no material events during the period and to the date of this announcement.
For further information, please contact:
Gresham House Asset Management Limited,
Company Secretary: 020 7382 0999.
Follow the stocks
