REG - Mobeus Inc&Gwth 2 - Interim Management Statement

Mobeus Income & Growth 2 VCTAnnouncement

12/09/2023 10:30

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RNS Number : 1745M  Mobeus Income & Growth 2 VCT PLC  12 September 2023

MOBEUS INCOME & GROWTH 2 VCT PLC

("the Company")

LEI:  213800LY62XLI1B4VX35

 

INTERIM MANAGEMENT STATEMENT

For the quarter ended 30 June 2023

 

Mobeus Income & Growth 2 VCT plc presents an Interim Management Statement
for the quarter ended 30 June 2023. 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 June 2023  At 31 March 2023

                                                                                           (unaudited)      (audited)
 Net assets attributable to shareholders                                                   £71,597,619      £70,426,557
 Shares in issue                                                                           98,437,045       98,437,045
 Net asset value (NAV) per share                                                           72.73p           71.54p
 Cumulative dividends paid                                                                 147.00p          147.00p
 Cumulative Total return (net asset value basis) per share since inception                 219.73p          218.54p

 

Net asset value (NAV) per share has increased by 1.19 pence, or 1.7% over the
period. This increase is primarily due to a rise in unrealised valuations over
the first three months of the financial year. No dividends have been paid in
the period.

 

INVESTMENT ACTIVITY DURING THE PERIOD

 

New Investments

On 3 May 2023, a new equity investment of £0.39 million was made into Dayrize
B.V., a provider of a rapid sustainability impact assessment tool.

 

Share Buybacks

No shares were bought back in the quarter.

 

 

INVESTMENT ACTIVITY AFTER THE PERIOD END

 

New investments after the period end

On 26 July 2023, a new equity investment of £0.32 million was made into Mable
Therapy Limited, a digital health platform for speech therapy and counselling
for children and young adults.

 

On 3 August 2023, a new equity investment of £0.32 million was made into
Branchspace Limited, a digital retailing consultancy and software provider to
the aviation and travel industry.

 

Follow-on investments after the period end

On 4 July 2023, a follow on equity investment of £0.30 million was made into
Legatics Holdings Limited, a SaaS LegalTech software provider.

 

On 11 August 2023, a follow on loan investment of £0.11 million was made into
Orri, an intensive day care provider for adults with eating disorders.

 

Share Buybacks after the period end

On 18 July 2023, the Company purchased 336,876 of its own ordinary shares at a
price of 67.96 pence per share.

 

All shares bought back by the Company were subsequently cancelled.

 

 

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

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