Mobeus Inc&Gwth - 1st Quarter Results
23/05/2022 16:00
For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220523:nRSW4863Ma&default-theme=true
RNS Number : 4863M Mobeus Income & Growth VCT PLC 23 May 2022
Mobeus Income & Growth VCT plc
("the Company")
LEI: 213800HKOSEVWS7YPH79
INTERIM MANAGEMENT STATEMENT
For the quarter ended 31 March 2022
Mobeus Income & Growth VCT plc presents an Interim Management Statement
for the quarter ended 31 March 2022. 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 2022 At 31 December 2021
(unaudited) (audited)
Net assets attributable to shareholders £112.85 million £112.96 million
Shares in issue 137,310,943 125,077,481
Net asset value (NAV) per share 82.18 pence 90.31 pence
Cumulative dividends paid 148.80 pence 144.80 pence
Cumulative Total return (net asset value basis) per share since inception 230.98 pence 235.11 pence
The NAV per share has decreased by 8.13 pence in the quarter (a decrease of
9.0% from the opening NAV per share). This decrease arises both from the 4.00
pence per share dividend paid in January 2022 as well as a fall in unrealised
valuations. On a total return basis, after adding back the dividend of 4.00
pence per share, the decrease is 4.6%.
OFFER FOR SUBSCRIPTION
On 20 January 2022, the Company took part in a Joint Offer for Subscription
("Offer") alongside the other Mobeus VCTs. Following unprecedented demand, the
Offer became fully subscribed in record time, with an allotment of 12,233,462
shares taking place on 9 March 2022 raising net funds (after costs) of £9.69
million for the Company.
DIVIDEND PAID IN THE PERIOD
On 7 January 2022, an interim dividend of 4.00 pence per share in respect of
the year ended 31 December 2021 was paid to all Shareholders whose names were
on the register on 10 December 2021.
INVESTMENT ACTIVITY DURING THE PERIOD
New Investment during the period
On 10 February 2022, the Company completed a new investment of £0.73 million
into Proximity Insight, a retail technology business.
Follow-on investments during the period
On 24 January 2022 and 22 February 2022, follow-on investments totalling
£0.27 million were made into Caledonian Leisure, a UK-based leisure and
experience breaks provider.
Loan repayment and other proceeds during the period
The Company received a loan repayment of £0.12 million from Media Business
Insight and other proceeds totalling £0.55 million from investments realised
in a previous year, primarily from Vian Marketing (trading as Red Paddle).
INVESTMENT ACTIVITY AFTER THE PERIOD END
New investment after the period end
On 5 May 2022, the Company completed a new investment of £0.58 million into
Bidnamic, a marketing technology business.
Follow-on investment after the period end
On 6 April 2022, a further investment of £0.17 million was made into Northern
Bloc, a dairy and allergen-free ice cream producer.
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:
Gresham House Asset Management Limited,
Company Secretary: 020 7382 0999.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END QRFFLFESELIVFIF