REG - Mobeus Inc&Gwth 2 - Interim Management Statement

Mobeus Income & Growth 2 VCTAnnouncement

21/02/2024 07:00

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RNS Number : 8296D  Mobeus Income & Growth 2 VCT PLC  21 February 2024

MOBEUS INCOME & GROWTH 2 VCT PLC

("the Company")

LEI:  213800LY62XLI1B4VX35

 

INTERIM MANAGEMENT STATEMENT

For the quarter ended 31 December 2023

 

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

                                                                                           (unaudited)          (unaudited)
 Net assets attributable to shareholders                                                   £66,725,514          £72,522,568
 Shares in issue                                                                           97,332,845           97,655,966
 Net asset value (NAV) per share                                                           68.55p               74.26p
 Cumulative dividends paid                                                                 153.00p              147.00p
 Cumulative Total return (net asset value basis) per share since inception                 221.55p              221.26p

Net asset value (NAV) per share, after adding back the dividend of 6.00 pence
per share paid on 8 November 2023, has increased by 0.4% in the quarter ended
31 December 2023.

 

INVESTMENT ACTIVITY DURING THE PERIOD

 

New Investments during the period

On 15 December 2023, a new equity investment of £0.92 million was made into
Ozone Financial Technology Limited, an open banking software developer.

 

On 21 December 2023, a new equity investment of £0.47 million was made into
Huddl Mobility Limited (trading as CitySwift), a passenger transport data and
scheduling software provider.

 

On 22 December 2023, a new equity investment of £0.32 million was made into
Azarc.io Inc, a cross-border customs automation software provider.

 

Further Investments during the period

On 20 November 2023, a follow-on loan investment of £0.14 million was made
into Rota Geek Limited, a provider of cloud-based staff scheduling solutions.

 

On 11 December 2023, a follow-on equity investment of £0.10 million was made
into Focal Point Positioning Limited, a provider of GPS enhancement software.

 

Share Buyback

On 20 December 2023, the Company purchased 323,121 of its own ordinary shares
at a price of 64.85 pence per share.

 

All shares bought back by the Company were subsequently cancelled.

 

DIVIDEND PAID DURING THE PERIOD

On 8 November 2023, an interim dividend of 6.00 pence per share in respect of
the year ending 31 March 2024 was paid to all Shareholders whose names were on
the register on 22 September 2023.

 

 

INVESTMENT ACTIVITY AFTER THE PERIOD END

 

Follow-on investment after the period end

On 10 January 2024, a follow-on equity investment of £0.35 million was made
into MyTutorweb Limited, a digital marketplace for online tutoring.

 

Realisation after the period end

The Company is pleased to announce the sale of Masters Removers Group (2019)
Limited ("MRG") to Elanders AB and alongside this, the sale of its shares in
MRG's domestic removals business to management. There is no material
difference in proceeds receivable compared to the value at which the Company
holds its investment in MRG. Further details will be announced via a separate
RNS in due course.

 

Share Buyback after the period end

On 19 January 2024, the Company purchased 205,824 of its own ordinary shares
at a price of 64.85 pence per share.

 

All shares bought back by the Company were subsequently cancelled.

 

DIVIDENDS PAYABLE AFTER THE PERIOD END

On 20 February 2024, the Board declared a second interim dividend of 6.00
pence per share in respect of the year ending 31 March 2024 to be paid on 22
March 2024 to those shareholders on the Register of Members on 1 March 2024.

 

Payment of this dividend will reduce NAV per share and increase cumulative
dividends paid (shown above) by a corresponding amount.

 

 

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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