Less Ads, More Data, More Tools Register for FREE

Pin to quick picksMobeus I&g Regulatory News (MIX)

  • There is currently no data for MIX

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 £51,766,794 £54,005,220 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 £2.0 million (including£1.0 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 £1.5million 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 £2.5 million. A total of £1.7 million has been received in loan stock repayments during thequarter to 30 September 2013 including payments from DiGiCo Global, EMaC, Focusand Westway. A further £0.4 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
19th Dec 20132:15 pmPRNIssue of Supplementary Prospectus
19th Dec 20132:14 pmPRNIssue of Supplementary Prospectus
19th Dec 20132:14 pmPRNIssue of Supplementary Prospectus
19th Dec 20132:13 pmPRNIssue of Supplementary Prospectus
2nd Dec 201312:51 pmPRNTotal Voting Rights
2nd Dec 201312:45 pmPRNTransaction in Own Shares
29th Nov 20137:00 amPRNJoint Offer for Subscription and Issue of Prospectus
29th Nov 20137:00 amPRNJoint Offer for Subscription and Issue of Prospectus
29th Nov 20137:00 amPRNJoint Offer for Subscription and Issue of Prospectus
29th Nov 20137:00 amPRNJoint Offer for Subscription and Issue of Prospectus
13th Nov 20133:34 pmPRNInterim Management Statement
27th Sep 20139:43 amPRNIntention to Launch an Offer
2nd Sep 201312:10 pmPRNTotal Voting Rights
19th Aug 201311:47 amPRNTransaction in Own Shares
15th Aug 20137:00 amPRNHalf-yearly Report
1st Jul 20136:22 pmPRNTotal Voting Rights
1st Jul 20133:10 pmPRNTransaction in Own Shares
27th Jun 20139:11 amPRNTransaction in Own Shares
5th Jun 20131:32 pmPRNAnnual Information Update
3rd Jun 20135:19 pmPRNTotal Voting Rights
13th May 20132:34 pmPRNTransaction in Own Shares
13th May 201310:14 amPRNInterim Management Statement
8th May 20133:22 pmPRNResult of AGM
7th May 20132:37 pmPRNIssue of Equity
1st May 20135:20 pmPRNClose of Offer for Subscription
1st May 20133:30 pmPRNClose of Offer for Subscription
1st May 20131:03 pmPRNLinked Offer for Subscription - closed
10th Apr 20133:29 pmPRNIssue of Equity
8th Apr 20135:26 pmPRNDirector/PDMR Shareholding
8th Apr 20134:50 pmPRNEnhanced Buyback Facility
8th Apr 20131:16 pmPRNIssue of Equity
4th Apr 20135:34 pmPRNDirector/PDMR Shareholding
4th Apr 20135:31 pmPRNDirector/PDMR Shareholding
4th Apr 20135:20 pmPRNIssue of Equity
4th Apr 20133:15 pmPRNEnhanced Buyback Facility
28th Mar 20133:16 pmPRNIssue of Equity
26th Mar 20133:34 pmPRNDoc re Annual Report and Accounts and AGM Notice
26th Mar 201310:05 amPRNTransaction in Own Shares
25th Mar 20135:03 pmPRNStatement re VCT Enhanced Buyback Facility
25th Mar 201310:42 amPRNOffer Update - Issue of Supplementary Prospectus
21st Mar 20134:54 pmPRNTransaction in Own Shares
21st Mar 20137:00 amPRNFinal Results
22nd Feb 201312:38 pmPRNResult of EGM
5th Feb 20131:49 pmPRNTotal Voting Rights
28th Jan 20139:43 amPRNCircular re VCT Enhanced Buyback Facility - AMENDMENT
28th Jan 20137:00 amPRNCircular re VCT Enhanced Buyback Facility
17th Jan 201311:05 amPRNDirector/PDMR Shareholding
14th Jan 20135:24 pmPRNIssue of Equity
3rd Jan 20131:23 pmPRNTotal Voting Rights
21st Dec 201211:51 amPRNTransaction 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.