TIDMMIG4

RNS Number : 6136H

Mobeus Income & Growth 4 VCT PLC

16 November 2018

Mobeus Income & Growth 4 VCT plc

("the Company")

INTERIM MANAGEMENT STATEMENT

For the quarter ended 30 September 2018

Mobeus Income & Growth 4 VCT plc presents an Interim Management Statement for the third quarter ended 30 September 2018. The statement also includes relevant financial information between the end of the period and the date of this statement.

NET ASSET VALUE (NAV) AND TOTAL RETURN PER SHARE

 
                                        At 30 September 2018         At 30 June 
                                                                           2018 
 Net assets attributable to shareholders    GBP57.57 million   GBP57.21 million 
 Shares in issue                                  68,581,954         68,836,512 
 Net asset value (NAV) per share                 83.95 pence        83.12 pence 
 Cumulative dividends paid                      105.20 pence       105.20 pence 
 Cumulative total return per 
  share (NAV basis) since inception             189.15 pence       188.32 pence

The NAV per share increased by 0.83 pence over the quarter, principally due to income returns.

INVESTMENT ACTIVITY

Investments during the period

The Company made one new investment and one follow-on investment into an existing portfolio company during the period.

On 13 August 2018, GBP0.44 million was invested into Rotageek, a provider of cloud-based enterprise software using data-driven technologies to schedule staff effectively and fairly.

On 28 September 2018, a follow-on investment of GBP0.91 million was made into Preservica, a seller of proprietary digital archiving software.

Investments following the period end

On 9 October 2018, a follow-on investment of GBP0.70 million was made into Biosite, a provider of workforce management and security services.

On 10 October 2018, a follow-on investment of GBP0.34 million was made into Proactive Investors, a provider of investor media services.

On 19 October 2018, a follow-on investment of GBP0.06 million was made into MPB, an online marketplace for used photographic equipment.

Realisations during the period

On 15 August 2018, the Company realised its investment in sparesFinder, receiving cash proceeds of GBP0.15 million. The realisation represented a gain over the 30 June 2018 valuation of GBP0.15 million, but a realised loss over original investment cost of GBP0.10 million.

On 28 August 2018, the Company realised its investment in Fullfield, receiving cash proceeds of GBP0.64 million. The realisation contributed to a return of 1.20 times the original investment cost, and an IRR of 5.0% over the seven years that this investment was held.

On 7 September 2018, GBP0.23 million cash proceeds was received from the sale of Hemmels Limited, a restorer of classic cars. The sale represented a realised loss of GBP0.28 million on the original investment cost over the six months this investment was held.

On 18 September 2018, the Company realised its investment in Lightworks, receiving cash proceeds of GBP0.20 million. The realisation contributed to a return of 21.7 times the original investment cost and an IRR of 57.2%.

Including preference share repayments of GBP0.06 million, net cash proceeds for the period amounted to GBP1.28 million.

SHARE BUY-BACKS

As announced previously, on 26 September 2018, the Company purchased 254,558 of its own ordinary shares at a price of 73.75 pence per share for cancellation.

Following this purchase, the Company has 68,581,954 ordinary shares of 1 penny each in issue.

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:

Robert King, for Mobeus Equity Partners LLP, Company Secretary

020 7024 7600.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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November 16, 2018 04:55 ET (09:55 GMT)

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