Interim Management Statement

RNS Number : 9046O

Mobeus Income & Growth 4 VCT PLC

10 November 2016

 

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

INTERIM MANAGEMENT STATEMENT

For the quarter ended 30 September 2016

Mobeus Income & Growth 4 VCT plc reports 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 AND TOTAL RETURN PER SHARE                                             

At 30 September  2016		At 30 June 2016
Net assets attributable to shareholders	£52,760,315	£53,415,857
Shares in issue	49,176,001	48,990,948
Net asset value (NAV) per share	107.29p	109.03p
Cumulative dividends paid	73.20p	71.20p
Total return (net asset value basis) per share since inception	180.49p	180.23p

The net asset value per share has fallen by 1.74 pence over the quarter, principally due to the payment of an interim dividend of 2.00 pence per share, as referred to below.

DIVIDENDS

The Company paid an interim dividend of 2.00 pence per share (comprising 1.00 penny from capital and 1.00 penny from income) on 8 September 2016, bringing cumulative dividends paid per share to date to 73.20 pence.

DIVIDEND INVESTMENT SCHEME

On 8 September 2016, the Company issued 185,053 new ordinary shares under the terms of the Dividend Investment Scheme at a price of 96.40 pence per share, following which a total of 49,176,001 shares were in issue.

SHARE BUY-BACKS

There were no share buybacks during the period.

INVESTMENT ACTIVITY

New Investments

There were no new investments during the period.

On 20 October 2016, £0.51 million was invested into BookingTek Limited, a provider of room 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 the provision of new growth capital to younger, earlier stage companies.

Realisations

There were no realisations 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:

Jonathan McGuire, for Mobeus Equity Partners LLP, Company Secretary: 020 7024 7615.

 

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