Last checked at 
15 Nov 2012 10:48
Mobeus Income & Growth VCT plc (the Company) INTERIM MANAGEMENT STATEMENT For the quarter ended 30 September 2012
In accordance with Rule 4.3 of the Disclosure and Transparency Rules of the UK Listing Authority, Mobeus Income & Growth VCT plc presents an Interim Management Statement for the quarter ended 30 September 2012. 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 2012 At 30 June 2012 Net assets attributable to shareholders £41,334,645 £42,077,242 Shares in issue 46,245,967 46,199,153 Net asset value per Ordinary Share 89.38 p 91.08 p Cumulative dividends paid 38.05 p 33.05 p Total net asset value return per share since inception 127.43 p 124.13 p % return on opening net asset value of 94.5 pence per share 34.85 % 31.35 % INVESTMENT ACTIVITY
In July 2012, the Company completed a new investment of £1.745 million (including £1 million from the Company's existing acquisition vehicle Sawrey Limited) to support the MBO of Tessella, an international provider of consulting services.
A follow-on investment of £114k was made into PXP Holdings Limited ("PXP") in June 2012 as part of a major re-structuring of the company, to enable PXP to continue to trade following a period of poor trading in a challenging house building market.
Blaze Signs Holdings Limited repaid a further £232k of its loan stock in July and August 2012. Fullfield Limited repaid a further £123k in July 2012.
No further divestments were made during the period.
SHARE BUY-BACKS
During the quarter ended 30 September 2012, the Company bought-back 352k of its own Ordinary Shares at an average price of 77.9 pence per share and an average discount of 10.7% to net asset value per share.
INTERIM DIVIDEND
The Company paid an interim dividend of 5.00 pence per share (comprising 4.50 pence from capital and 0.50 pence from income) on 20 September 2012 bringing cumulative dividends paid per share to 38.05 pence.
LINKED MOBEUS FUNDRAISING
The Company participated with Mobeus Income & Growth 4 VCT plc (formerly Matrix Income & Growth 4 VCT plc) and The Income & Growth VCT plc in a VCT linked fundraising ("the Offer") that closed on 30 June 2012.
During the quarter ended 30 September 2012, the Company issued and allotted a total of 399k ordinary shares under the Offer at an average price of £1.02 pence per share, raising net proceeds of £406k.
A total of £15.504 million was subscribed for under the Offer across the three VCTs of which £5.168 million was raised by the Company.
For further information, please contact:
Sarah Penfold, for Mobeus Equity Partners LLP, Company Secretary: 020 7024 7600.
XLON