Realisation of Proactive Group Holdings Inc

RNS Number : 4045O

Mobeus Income & Growth 2 VCT PLC

07 October 2021

 

Mobeus Income & Growth 2 VCT plc

(the "Company")

LEI:  213800LY62XLI1B4VX35

Realisation of investment in Proactive Group Holdings Inc

The Company is pleased to announce the sale of its investment in Proactive Group Holdings Inc ("Proactive") on 29 September 2021.  The Company has received £1.60 million in cash following the disposal of its equity and loan notes, contributing to a realised gain over cost over the life of the investment of £1.00 million, being the equivalent of 1.38 pence per share. The net proceeds received (after deducting transactions costs) are not materially different to the valuation of the Company's holding in Proactive that is included within the Company's NAV per share as at 30 June 2021.

Cash proceeds have been received over the life of the investment of £1.64 million, against an original cost of £0.64 million. This represents a return for the Company of 2.6 times the original investment cost and an IRR of 33.2% in under four years that this investment was held.

For further information, please contact:

Trish Standaloft

020 7024 7616

 

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