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Interim Management Statement

13 Nov 2013 15:34

MOBEUS INCOME & GROWTH VCT PLC - Interim Management Statement

MOBEUS INCOME & GROWTH VCT PLC - Interim Management Statement

PR Newswire

London, November 13

Mobeus Income & Growth VCT plc (the Company) INTERIM MANAGEMENT STATEMENT For the quarter ended 30 September 2013 In accordance with Rule 4.3 of the Disclosure and Transparency Rules of the UKListing Authority, Mobeus Income & Growth VCT plc presents an InterimManagement Statement for the quarter ended 30 September 2013. The statementalso includes relevant financial information between the end of the period andthe date of this statement. NET ASSET VALUE (NAV) AND TOTAL RETURN PER SHARE At 30 September 2013 At 30 June 2013 Net assets attributable to shareholders ÂŁ51,766,794 ÂŁ54,005,220 Shares in issue 53,507,073 53,627,282 Cumulative total return per share (NAV basis) 140.80 p 140.75 p Cumulative dividends paid 44.05 p 40.05 p Net asset value per Ordinary Share 96.75 p 100.70 p % return on opening net asset value of 94.5 p 49.0 % 48.9 %per share The fall in the net asset value per share above is largely due to the paymentof the interim dividend of 4.00 pence per share, detailed below. INVESTMENT ACTIVITY In July 2013, the Company completed a new investment of ÂŁ2.0 million (includingÂŁ1.0 million from the Company's existing acquisition vehicle Madacombe TradingLimited) to support the MBO of Veritek Global, a Europe-wide provider ofinstallation, maintenance and support services for blue-chip owners of a widerange of complex imaging and printing equipment. Following the quarter-end in November 2013, the Company invested a further ÂŁ1.5million into the existing acquisition vehicle, Culbone Trading Limited, tosupport the MBO of Virgin Wines, one of the UK's leading online retailers ofwine. The Company's investment in this company now totals ÂŁ2.5 million. A total of ÂŁ1.7 million has been received in loan stock repayments during thequarter to 30 September 2013 including payments from DiGiCo Global, EMaC, Focusand Westway. A further ÂŁ0.4 million was received following the quarter-end,including a payment from Blaze Signs. SHARE BUY-BACKS During the quarter ended 30 September 2013, shareholders holding 120,209Ordinary Shares expressed their desire to sell their investments. The Companyinstructed its brokers, Panmure Gordon, to purchase these shares at pricesrepresenting discounts of approximately 10% to the previously announced NAV pershare. The Company subsequently purchased these shares at a price of 85.25pence per share and cancelled them. INTERIM DIVIDEND The Company paid an interim dividend of 4.00 pence per share (comprising 2.00pence from capital and 2.00 pence from income) on 18 September 2013, bringingcumulative dividends paid per share to date to 44.05 pence. LINKED MOBEUS FUNDRAISING The Company is intending to launch a linked offer for subscription with MobeusIncome & Growth 2 VCT plc, Mobeus Income & Growth 4 VCT plc and The Income &Growth VCT plc later this year. For further information, please contact:

Sarah Penfold, for Mobeus Equity Partners LLP, Company Secretary: 020 7024 7600.

Date   Source Headline
30th Nov 20105:22 pmPRNTotal Voting Rights
29th Nov 20103:24 pmPRNTransaction in Own Shares
16th Nov 201011:40 amPRNTransaction in Own Shares
12th Nov 20106:12 pmPRNPublication of Prospectus
4th Nov 20103:56 pmPRNInterim Management Statement
1st Nov 20109:17 amPRNTotal Voting Rights
25th Oct 20103:43 pmPRNTransaction in Own Shares
31st Aug 20101:34 pmPRNTotal Voting Rights
27th Aug 20103:58 pmPRNTransaction in Own Shares
24th Aug 201012:53 pmPRNDoc re Half-Yearly Report
12th Aug 20106:02 pmPRNTransaction in Own Shares
9th Aug 201012:45 pmPRNHalf-yearly Report
30th Jun 201010:41 amPRNTotal Voting Rights
24th Jun 20105:28 pmPRNTransaction in Own Shares
23rd Jun 20109:58 amPRNCompany Secretary Change
21st Jun 201011:43 amPRNDirector/PDMR Shareholding
2nd Jun 20109:31 amPRNTransaction in Own Shares
20th May 20103:22 pmPRNMerger Update and Board Changes
12th May 20105:04 pmPRNInterim Management Statement
12th May 20105:00 pmPRNAGM and EGM Results
30th Apr 20103:09 pmPRNTotal Voting Rights
14th Apr 20104:18 pmPRNMerger Update
31st Mar 201011:30 amPRNTransaction in Own Shares - Correction
25th Mar 20104:36 pmPRNTransaction in Own Shares
17th Mar 20107:00 amPRNAnnual Financial Report
9th Feb 20107:00 amPRNPrior Notice of Merger
31st Dec 20097:00 amPRNTotal Voting Rights
22nd Dec 200911:39 amPRNTransaction in Own Shares
19th Nov 20094:28 pmPRNInterim Management Statement
2nd Nov 20095:11 pmPRNTotal Voting Rights
19th Oct 200910:23 amPRNTransaction in Own Shares
31st Jul 20094:26 pmPRNHalf-yearly Report
2nd Jun 20099:35 amPRNTotal Voting Rights
7th May 20091:11 pmPRNInterim Management Statement
6th May 20093:02 pmPRNResult of AGM
30th Apr 20094:47 pmPRNTotal Voting Rights
9th Apr 20096:04 pmPRNTransaction in Own Shares
3rd Apr 20094:18 pmPRNDoc re Annual Financial Report
12th Mar 20095:39 pmPRNCorrection - Final Results
12th Mar 20095:28 pmPRNFinal Results
3rd Feb 200910:34 amPRNAnnual Information Update
20th Jan 20091:22 pmPRNTotal Voting Rights
24th Dec 200812:33 pmPRNTransaction in Own Shares
8th Dec 200812:57 pmPRNChange of Adviser
30th Oct 20083:00 pmPRNInterim Management Statement
30th Sep 20082:42 pmPRNTotal Voting Rights
5th Sep 200812:45 pmPRNTransaction in Own Shares
7th Aug 200811:10 amPRNHalf-year results for the six months ended 30 June 2008
30th Jun 20089:55 amPRNTotal Voting Rights
25th Jun 20089:49 amPRNTransaction in Own Shares

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