1st Quarter Results - Interim Management Statement

RNS Number : 8169Y

Mobeus Income & Growth 4 VCT PLC

13 May 2019

 

Mobeus Income & Growth 4 VCT plc ("the Company")

INTERIM MANAGEMENT STATEMENT

For the quarter ended 31 March 2019

Mobeus Income & Growth 4 VCT plc presents an Interim Management Statement for the quarter ended 31 March 2019. 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 2019	At 31 December 2018
Net assets attributable to shareholders	£59,476,720	£57,895,784
Shares in issue	67,907,163	68,282,994
Net asset value (NAV) per share	87.59p	84.79p
Cumulative dividends paid	105.20p	105.20p
Cumulative Total return (net asset value basis) per share since inception	192.79p	189.99p

DIVIDENDS

A final dividend of 4.00 pence per share in respect of the year ended 31 December 2018 was approved by shareholders at the AGM held on 10 May 2019.  The final dividend will be paid, to shareholders on the register on 26 April 2019, on 28 May 2019 and will bring cumulative dividends paid since inception to 109.20 pence per share.

NEW INVESTMENTS

The Company made no new investments during the quarter.

DIVESTMENTS

After the quarter end, the Company realised its investment in The Plastic Surgeon Holdings Limited. Cash proceeds received on completion were £1.38 million.  In isolation, the impact of this transaction would represent an uplift on NAV per share disclosed above of 0.52 pence per share. Over the life of this investment, the Company received £2.56 million compared to an original cost of £0.46 million, which equates to a 5.6x multiple on cost and an IRR of 20.5%.

LOAN STOCK REPAYMENTS

The VCT received final repayments from the five companies preparing to trade totalling £1.35 million.

SHARE BUYBACKS

On 26 March 2019, the Company repurchased 375,831 of its own ordinary shares at a price of 75.59 pence per share for cancellation.

Following this share buyback and cancellation there are now 67,907,163 ordinary shares of 1 penny each in issue.

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:

Robert King, for Mobeus Equity Partners LLP, Company Secretary: 020 7024 7600.

 

END

 

 

MSCGMGMKLFKGLZG