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10 Nov 2023 13:30
MOBEUS INCOME & GROWTH VCT PLC
("the Company")
LEI: 213800HKOSEVWS7YPH79
INTERIM MANAGEMENT STATEMENT
For the quarter ended 30 September 2023
Mobeus Income & Growth VCT plc presents an Interim Management Statement for the quarter ended 30 September 2023. 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 30 September 2023 (unaudited) | At 30 June 2023 (unaudited) |
Net assets attributable to shareholders | £102.94 million | £100.15 million |
Shares in issue | 165,644,278 | 156,718,602 |
Net asset value (NAV) per share | 62.15 pence | 60.12 pence |
Cumulative dividends paid | 161.80 pence | 161.80 pence |
Cumulative Total return (net asset value basis) per share since inception | 223.95 pence | 221.92 pence |
The NAV per share has increased by 2.03 pence in the quarter (an increase of 3.4% from the NAV per share at 30 June 2023).
INVESTMENT ACTIVITY DURING THE PERIOD
New Investment during the period
On 26 July 2023, the Company completed a new investment of £0.49 million into Mable Therapy Limited, a digital health platform for speech therapy and counselling for children and young adults.
On 3 August 2023, the Company completed a new investment of £0.48 million into Branchspace Limited, a digital retailing consultancy and software provider to the aviation and travel industry.
Further Investments during the period
On 4 July 2023, a follow on equity investment of £0.41 million was made into Legatics Holdings Limited, a SaaS LegalTech software provider.
On 11 August 2023, a follow on loan investment of £0.15 million was made into Orri Limited, an intensive day care provider for adults with eating disorders.
INVESTMENT ACTIVITY AFTER THE PERIOD END
There has been no activity post-quarter.
SHARE BUYBACK DURING THE PERIOD
On 26 September 2023, the Company purchased 946,163 of its own ordinary shares at a price of 57.11 pence per share.
All shares bought back by the Company were subsequently cancelled.
DIVIDEND DECLARED DURING THE PERIOD
On 21 September 2023, a second interim dividend of 4.50 pence per share in respect of the year ending 31 December 2023 was declared and was paid on 8 November 2023 to all Shareholders whose names were on the register on 29 September 2023. Payment of this interim dividend will reduce NAV per share (shown above) to 57.65 pence and increase cumulative dividends paid to 166.30 pence per share.
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
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