Interim Management Statement - 3rd Quarter Results

RNS Number : 7871O

Mobeus Income & Growth VCT PLC

09 November 2016

 

Mobeus Income & Growth VCT plc

("the Company")

INTERIM MANAGEMENT STATEMENT

For the quarter ended 30 September 2016

Mobeus Income & Growth VCT plc presents an Interim Management Statement for the quarter ended 30 September 2016.  The statement also includes relevant financial information between the end of the period and the date of this statement.

NET ASSET VALUE (NAV) AND TOTAL RETURN PER SHARE                                             

At  30 September 2016		At  30 June 2016
Net assets attributable to shareholders	£62,785,625	£68,672,569
Shares in issue	75,627,951	75,627,951
Net asset value (NAV) per share	83.02 p	90.80 p
Cumulative dividends paid	89.80 p	81.30 p
Cumulative total return per share (NAV basis) since inception	172.82 p	172.10 p
% return on initial NAV per share of  94.5 pence at inception in July 2004	82.9 %	82.1 %

The NAV per share fell by 7.78 pence over the quarter, principally due to the payment of an interim dividend of 8.50 pence per share in the quarter, referred to below.

DIVIDENDS

The Company paid an interim dividend of 8.50 pence per share (comprising 6.50 pence from capital and 2.00 pence from income) on 20 September 2016, bringing cumulative dividends paid per share to date to 89.80 pence.

INVESTMENT ACTIVITY

New Investments

There were no new investments during the period.

After the period-end, on 20 October 2016, £0.61 million was invested into BookingTek Limited, a provider of direct-booking software to major hotel groups. This is the third investment made in accordance with the Company's new Investment Policy, approved by shareholders in May this year. The new Policy was prepared in response to new VCT rules that require all VCTs to provide growth capital to younger, earlier stage companies]

Realisations

There were no realisations during the period.  £0.02 million was received from Newquay Helicopters (2013) as a third interim distribution resulting from the members' voluntary liquidation of the company.

SHARE BUY-BACKS

There were no share buybacks during the period.

Please note that all of the information above 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:

Sarah Penfold, for Mobeus Equity Partners LLP, Company Secretary: 020 7024 7600.

 

END

 

 

QRTQKLFBQFFFFBL