REG - Mobeus Inc&Gwth 4 - Interim Management Statement

Mobeus Income & Growth 4 VCTAnnouncement

14/11/2022 16:00

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RNS Number : 3503G  Mobeus Income & Growth 4 VCT PLC  14 November 2022

 

Mobeus Income & Growth 4 VCT plc

("the Company")

LEI:  213800IFNJ65R8AQW943

 

INTERIM MANAGEMENT STATEMENT

For the quarter ended 30 September 2022

 

Mobeus Income & Growth 4 VCT plc presents an Interim Management Statement
for the quarter ended 30 September 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 30 September 2022  At 30 June 2022

                                                                                           (unaudited)           (unaudited)
 Net assets attributable to shareholders                                                   £78.93 million        £86.13 million
 Shares in issue                                                                           91,244,441            90,990,361
 Net asset value (NAV) per share                                                           86.50 pence           94.66 pence
 Cumulative dividends paid                                                                 147.20 pence          143.20 pence
 Cumulative Total return (net asset value basis) per share since inception                 233.70 pence          237.86 pence

 

The NAV per share has decreased by 8.16 pence in the quarter (a decrease of
8.6% from the opening NAV per share). This decrease arises both from the 4.00
pence per share dividend paid in July 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 4.4%.

 

OFFER FOR SUBSCRIPTION

 

On 17 October 2022, the Company took part in a Joint Offer for Subscription
("Offer") alongside the other Mobeus VCTs seeking to raise an initial amount
of £11 million for the Company with an over-allotment facility of £5 million
available. Following strong demand for the Offer, the Directors approved the
utilisation of the over-allotment facility later on 17 October 2022. As stated
in the Prospectus, the first allotment under the Offer in relation to
applications accepted for the initial amount is expected on or around 16
November 2022. Accepted applications by the Company for the over-allotment
facility will be allotted in January 2023.

 

DIVIDENDS PAID/DECLARED IN THE PERIOD

 

On 8 July 2022, an interim dividend of 4.00 pence per share in respect of the
year ending 31 December 2022 was paid to all Shareholders whose names were on
the register on 27 May 2022.

 

A second interim dividend of 6.00 pence per share in respect of the year
ending 31 December 2022 was declared on 13 September 2022. This was paid on 7
November 2022 to those Shareholders on the Register of Members on 23 September
2022. Payment of this second interim dividend has reduced NAV per share (shown
above) to 80.50 pence and increased cumulative dividends paid to 153.20 pence
per share.

 

DIVIDEND INVESTMENT SCHEME ("DIS")

 

On 8 July 2022, 586,156 shares were allotted through the DIS during the period
at a price of 98.69 pence per share.

 

INVESTMENT ACTIVITY DURING THE PERIOD

 

New Investment during the period

On 9 September 2022, the Company completed a new investment of £0.50 million
into Focalpoint Positioning Limited, a navigation and positioning technology
company.

 

On 12 September 2022, a new investment of £0.44 million was made into Orri
Limited, a provider of specialist eating disorder treatments.

 

Follow-on investments during the period

On 5 July 2022, a follow on investment of £0.62 million was made into
Vivacity Labs Limited, an AI and urban traffic control business.

 

On 23 August 2022, a follow on investment of £0.33 million was made into
Bleach London Holdings Limited, a hair colourants brand.

 

Loan repayments and other proceeds during the period

The Company received deferred consideration of £0.04 million from Media
Business Insight Holdings Limited, an investment realised in a prior quarter.

 

Share buy-backs

On 23 September 2022, the Company purchased 332,076 of its own ordinary
shares at a price of 80.43 pence per share.

 

All shares bought back by the Company were subsequently cancelled.

 

ACTIVITY AFTER THE PERIOD END

 

Loan Repayments and other proceeds

On 21 October 2022, a loan repayment (including premium) from Jablite Holdings
Limited of £0.05 million was received.

 

Share buy-backs

On 7 October 2022, the Company purchased 338,012 of its own ordinary shares
at a price of 80.43 pence per share.

 

All shares bought back by the Company were subsequently cancelled.

 

 

DIVIDEND INVESTMENT SCHEME ("DIS")

On 7 November 2022, 1,129,699 shares were allotted through the DIS at a price
of 80.50 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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