Mobeus Income & Growth 4 VCT PLC Interim Management Statement (5001E)
May 08 2017 - 9:02AM
UK Regulatory
TIDMMIG4
RNS Number : 5001E
Mobeus Income & Growth 4 VCT PLC
08 May 2017
Mobeus Income & Growth 4 VCT plc ("the Company")
Legal Entity Identifier (LEI): 213800IFNJ65R8AQW943
INTERIM MANAGEMENT STATEMENT
For the quarter ended 31 March 2017
Mobeus Income & Growth 4 VCT plc reports an Interim
Management Statement for the quarter ended 31 March 2017. 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 At 31 December
2017 2016
Net assets attributable GBP50,867,779 GBP52,755,156
to shareholders
Shares in issue 49,749,171 49,043,033
Net asset value (NAV)
per share 102.25p 107.57p
Cumulative dividends
paid 80.20p 73.20p
Cumulative Total return
(net asset value basis)
per share since inception 182.45p 180.77p
The NAV per share fell by 5.32 pence over the quarter,
principally due to the payment of 7.00 pence per share in dividends
in the quarter, referred to below. The underlying increase in NAV
per share was due to an increase in the value of the portfolio and
income returns.
DIVIDENDS
A second interim dividend of 7.00 pence per share for the year
ended 31 December 2016 was paid on 17 March 2017. This brought the
dividends paid in respect of the year ended 31 December 2016 to
9.00 pence per share and cumulative dividends paid since inception
to 80.20 pence per share.
DIVIDEND INVESTMENT SCHEME
Under the Dividend Investment Scheme a total of 706,138 ordinary
shares were issued to shareholders wishing to reinvest their
dividends on 17 March 2017. Following the share issue there were
49,749,171 ordinary shares in issue.
NEW INVESTMENT
The Company made two new investments in the quarter. The first
of these was a GBP0.58 million investment in January 2017 into
Ibericos Etc (trading as Tapas Revolution), a leading Spanish
restaurant chain in the casual dining sector. The second was a
GBP0.53 million investment in March 2017 into Buster & Punch, a
premium brand business which designs a range of high quality
lighting and electrical fittings for the home.
Finally, a loan envisaged when the initial investment in
BookingTek Limited was made in October 2016, was advanced for
GBP0.07 million.
DIVESTMENTS
No divestments occurred during the quarter to 31 March 2017,
although sundry receipts of GBP0.17 million were received, of which
GBP0.08 million was further deferred consideration in respect of
earlier disposals of two investments realised in a prior period,
being Focus Pharma and MachineWorks.
LOAN STOCK REPAYMENTS
The VCT received GBP4.36 million of loan repayments in the
quarter.
SHARE BUYBACKS
The Company did not conduct any share buybacks during the
period.
ANNUAL GENERAL MEETING
The Company is pleased to announce that all the resolutions
proposed at the Annual General Meeting of the Company held today, 8
May 2017, were approved by shareholders.
For further information, please contact:
Jonathan McGuire, for Mobeus Equity Partners LLP, Company
Secretary: 020 7024 7615.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCZVLFBDEFBBBF
(END) Dow Jones Newswires
May 08, 2017 10:02 ET (14:02 GMT)
Mobeus Income & Growth 4... (LSE:MIG4)
Historical Stock Chart
From Apr 2024 to May 2024
Mobeus Income & Growth 4... (LSE:MIG4)
Historical Stock Chart
From May 2023 to May 2024