Mobeus Income & Growth 4 VCT PLC Realisation of investment (3715E)
July 03 2019 - 5:33AM
UK Regulatory
TIDMMIG4
RNS Number : 3715E
Mobeus Income & Growth 4 VCT PLC
03 July 2019
Mobeus Income & Growth 4 VCT plc
(the "Company")
Realisation of investment in ASL Technology Holdings Limited
The Company is pleased to announce the sale of its investment in
ASL Technology Holdings Limited ("ASL") to a trade purchaser on a
debt free and cash free basis. The Company received GBP3.40 million
in cash from the sale, and generated a realised gain over cost over
the life of the investment of GBP2.29 million, being the equivalent
of 3.38 pence per share.
In isolation, the impact of this sale on the Company's latest
announced NAV per share of 83.59 pence at 31 March 2019 (adjusted
for the subsequent payment of a dividend of 4 pence per share on 28
May 2019), would be an increase of 0.67 pence per share.
All four Mobeus-advised VCTs realised their investment in ASL.
Total cash proceeds received by the four Mobeus-advised VCTs over
the life of their investment in ASL are GBP21.15 million, against
an original investment cost of GBP9.69 million. This represents a
return of 2.18 times the original investment cost and an IRR of
over 12.6% for each VCT in the eight and a half years that this
investment was held.
For further information, please contact:
Robert Brittain, for Mobeus Equity Partners LLP, Company
Secretary 020 7024 7600
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END
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