Mobeus Income & Growth VCT PLC Interim Management Statement 31 March 2018 (5680N)
May 09 2018 - 11:52AM
UK Regulatory
TIDMMIX
RNS Number : 5680N
Mobeus Income & Growth VCT PLC
09 May 2018
Mobeus Income & Growth VCT plc ("the Company")
INTERIM MANAGEMENT STATEMENT
For the quarter ended 31 March 2018
Mobeus Income & Growth VCT plc presents an Interim
Management Statement for the quarter ended 31 March 2018. 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 At 31 December
2018 2017
Net assets attributable GBP77,677,248 GBP69,899,777
to shareholders
Shares in issue 108,580,981 97,425,719
Net asset value (NAV)
per share 71.54p 71.75p
Cumulative dividends
paid 108.80p 108.80p
Cumulative Total return
(net asset value basis)
per share since inception
in 2004 180.34p 180.55p
DIVIDENDS
A final dividend of 3.00 pence per share in respect of the year
ended 31 December 2017 was approved by shareholders at the AGM held
today. The final dividend will be paid, to shareholders on the
register on 27 April 2018, on 17 May 2018 and will bring cumulative
dividends paid since inception to 111.80 pence per share.
NEW INVESTMENTS
The Company made three new investments and two follow-on
investments totalling GBP2.58 million during the quarter.
In January 2018, the Company invested GBP0.42 million into
Proactive Investors, an investor media services company. In March
2018, the Company made investments of GBP0.58 million into Super
Carers, an online platform connecting people seeking home care, and
GBP0.60 million into Hemmels, a classic car restoration
business.
In February 2018 the Company made a follow-on investment of
GBP0.43 million into Mpb, an online marketplace for used camera and
video equipment. In March 2018 the Company made a follow-on
investment of GBP0.55 million in Ibericos Etc. Limited (trading as
Tapas Revolution), a Spanish restaurant chain.
DIVESTMENTS
There were no divestments during the quarter.
GBP0.10 million of deferred consideration, in respect of the
sale of Gro Group Holdings Limited, was received in April 2018,
after the quarter end.
LOAN STOCK REPAYMENTS
The VCT received GBP0.14 million in loan stock repayments from
TPSFF Holdings Limited (formerly Plastic Surgeon) during the
quarter, as well as GBP0.14 million after the quarter end.
FUNDRAISING - ISSUE OF SHARES
On 24 January 2018, 3,537,118 ordinary shares were allotted
under the Company's Offer for Subscription raising net funds of
GBP2.48 million.
On 13 March 2018, 7,618,144 ordinary shares were allotted under
the Company's Offer for Subscription raising net funds of GBP5.34
million. The Offer closed following the completion of this
allotment, having raised the maximum amount of subscriptions, being
GBP25 million.
SHARE BUYBACKS
There were no share buybacks during the quarter.
Shortly after the quarter end, on 6 April 2018, the Company
repurchased 235,000 of its own ordinary shares at a price of 63.20
pence per share for cancellation.
Following this share buyback and cancellation there are now
108,345,981 ordinary shares of 1 penny each in issue.
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:
Robert King, for Mobeus Equity Partners LLP, Company Secretary:
020 7024 7616.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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May 09, 2018 11:52 ET (15:52 GMT)
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