RNS Number : 3952O
Mobeus Income & Growth VCT PLC
20 May 2024
 

MOBEUS INCOME & GROWTH VCT PLC

("the Company")

LEI:  213800HKOSEVWS7YPH79

 

INTERIM MANAGEMENT STATEMENT

For the quarter ended 31 March 2024

 

Mobeus Income & Growth VCT plc presents an Interim Management Statement for the quarter ended 31 March 2024. 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 31 March 2024

(unaudited)

At 31 December 2023

(audited)

Net assets attributable to shareholders

£97.00 million

£95.99 million

Shares in issue

164,285,230

164,285,230

Net asset value (NAV) per share

59.04 pence

58.43 pence

Cumulative dividends paid

166.30 pence

166.30 pence

Cumulative Total return (net asset value basis) per share since inception

225.34 pence

224.73 pence

 

The NAV per share has increased by 0.61 pence in the quarter (an increase of 1.0% from the NAV per share at 31 December 2023).

 

INVESTMENT ACTIVITY DURING THE PERIOD

 

New Investment during the period

On 19 March 2024, the Company completed a new investment of £0.71 million into SciLeads Limited, a data-intelligence platform within the life science sector.  

 

Further Investments during the period

On 10 January 2024, a follow on investment of £0.55 million was made into MyTutorWeb Limited (trading as MyTutor), a digital marketplace for online tutoring.

 

On 25 March 2024, a follow on loan investment of £0.08 million was made into Orri Limited, specialists in eating disorder support.

 

Realisations during the period

 

On 15 February 2024, proceeds of £3.49 million were received in respect of the sale of Master Removers Group 2019 Limited (trading as Anthony Ward Thomas, Bishopsgate and Aussie Man & Van). These proceeds contributed to a multiple on cost of 3.3x over the life of this investment. Further proceeds may be receivable in due course.

 

 

INVESTMENT ACTIVITY AFTER THE PERIOD END

 

Further Investments after the period end

On 3 May 2024, the Company completed a follow on investment of £1.79 million into Data Discovery Solutions Limited (trading as ActiveNav), a provider of data discovery solutions for compliance and information governance.

 

SHARE BUYBACK AFTER THE PERIOD END

On 25 April 2024, the Company purchased 1,417,646 of its own ordinary shares at a price of 55.51 pence per share.

 

All shares bought back by the Company were subsequently cancelled.

 

DIVIDEND DECLARED AFTER THE PERIOD END

On 24 April 2024, an interim dividend of 4.00 pence per share in respect of the year ending 31 December 2024 was declared and will be paid on 31 May 2024 to all Shareholders whose names were on the register on 3 May 2024.  Payment of this interim dividend will reduce NAV per share (shown above) to 55.04 pence and increase cumulative dividends paid to 170.30 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            

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCSFWFFLELSELI