REG - Mobeus Inc&Gwth 4 - Interim Management Statement

Mobeus Income & Growth 4 VCTAnnouncement

13/05/2022 12:00

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RNS Number : 3566L  Mobeus Income & Growth 4 VCT PLC  13 May 2022

 

Mobeus Income & Growth 4 VCT plc

("the Company")

LEI:  213800IFNJ65R8AQW943

 

INTERIM MANAGEMENT STATEMENT

For the quarter ended 31 March 2022

 

Mobeus Income & Growth 4 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                                                   £93.72 million    £92.79 million
 Shares in issue                                                                           91,259,644        83,389,721
 Net asset value (NAV) per share                                                           102.69 pence      111.27 pence
 Cumulative dividends paid                                                                 143.20 pence      139.20 pence
 Cumulative Total return (net asset value basis) per share since inception                 245.89 pence      250.47 pence

 

The NAV per share has decreased by 8.58 pence in the quarter (a decrease of
7.7% 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 4.1%.

 

 

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 7,361,191
shares taking place on 9 March 2022 raising net funds (after costs) of £7.27
million for the Company.

 

INVESTMENT ACTIVITY DURING THE PERIOD

 

New Investment during the period

On 10 February 2022, the Company completed a new investment of £0.61 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
£0.22 million were made into Caledonian Leisure, a UK-based leisure and
experience breaks provider.

 

Loan repayments and other proceeds during the period

The Company received a loan repayment of £0.10 million from Media Business
Insight and other proceeds totalling £0.40 million from Vectair and Vian
Marketing (trading as Red Paddle), both investments realised in a previous
year.

 

 

INVESTMENT ACTIVITY AFTER THE PERIOD END

 

New investments after the period end

On 5 May 2022, the Company completed a new investment of £0.48 million into
Bidnamic, a marketing technology business.

 

Follow-on investments after the period end

On 6 April 2022, a further investment of £0.12 million was made into Northern
Bloc, a dairy and allergen-free ice cream producer.

 

 

DIVIDEND INVESTMENT SCHEME ("DIS")

 

As a result of a 4.00 pence dividend paid on 7 January 2022, 508,732 shares
were allotted through the DIS during the period at a price of 99.57 pence per
share.

 

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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