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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 £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
20th Dec 20123:47 pmPRNOffer Update - Issue of Supplementary Prospectus
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12th Dec 20128:54 amPRNChange of Adviser
3rd Dec 201210:44 amPRNTotal Voting Rights
29th Nov 20124:36 pmPRNPublication of Prospectus
22nd Nov 20129:45 amPRNTransaction in Own Shares
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8th Oct 201211:39 amPRNTotal Voting Rights
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22nd Aug 20126:24 pmPRNDoc re Unaudited Half-Yearly Report
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1st Aug 20122:31 pmPRNTotal Voting Rights
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10th Jul 20122:57 pmPRNIssue of Equity
5th Jul 20121:14 pmPRNClose of Offer for Subscription
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2nd Jul 20121:52 pmPRNTransaction in Own Shares
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10th May 20126:15 pmPRNResult of AGM
10th May 201211:22 amPRNIssue 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
30th Apr 20122:19 pmPRNTotal Voting Rights
25th Apr 20125:10 pmPRNTransaction in Own Shares
19th Apr 20124:21 pmPRNOffer Update - Extension of Offer
10th Apr 201212:19 pmPRNAnnual Information Update
5th Apr 20127:28 pmPRNIssue of Equity
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5th Apr 20123:03 pmPRNDoc re : Annual Report - Year ended 31 December 2011
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29th Mar 20126:23 pmPRNTotal Voting Rights
29th Mar 20129:37 amPRNTransaction in Own Shares
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
23rd Mar 20127:00 amPRNAnnual Results for the year ended 31 December 2011
8th Mar 20125:07 pmPRNDirector/PDMR Shareholding
8th Mar 20124:50 pmPRNIssue of Equity
8th Mar 20124:49 pmPRNTransaction in Own Shares
6th Mar 201212:01 pmPRNCompliance with Model Code
29th Feb 20122:42 pmPRNNet Asset Value(s)
20th Jan 20123:22 pmPRNPublication of Prospectus and Management Arrangements

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