Mobeus Income & Growth 4 VCT PLC Unaudited NAV & Admission to AIM of Virgin Wines (7772Q)
March 02 2021 - 3:00AM
UK Regulatory
TIDMMIG4
RNS Number : 7772Q
Mobeus Income & Growth 4 VCT PLC
02 March 2021
MOBEUS INCOME & GROWTH 4 VCT PLC
(the "Company")
LEI: 213800IFNJ65R8AQW943
2 March 2021
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulations (EU Regulation
596/2014).
Unaudited NAV per Share at 31 December 2020
The Board are pleased to report the unaudited NAV per share of
the Company as at 31 December 2020 increased by 9.19 pence (12.7%)
over the final quarter of 2020 from 72.30 pence to 81.50 pence per
share, principally due to an uplift in the unrealised portfolio
valuations and two profitable disposals . Subject to the
finalisation of the Company's Annual Report and Accounts, the
audited NAV per share as at 31 December 2020 will be announced
before the end of March.
Admission to AIM of Virgin Wines UK plc
The Board is also pleased to announce that, this morning, Virgin
Wines UK plc ("Virgin Wines"), an existing portfolio company, was
admitted to trading on the Alternative Investment Market ("AIM") of
the London Stock Exchange, alongside a placing of new and existing
shares. The Placing Price of these shares was GBP1.97 per share,
valuing Virgin Wines at a market capitalisation of GBP110m. The
Board and Mobeus Equity Partners LLP have been proud to partner the
management of Virgin Wines in growing this business. We continue to
support Virgin Wines and its future development and are pleased to
be retaining the Company's entire equity holding.
The Company holds 4,627,424 shares in Virgin Wines. Based upon
the Placing Price of GBP1.97 per share, the Company's equity
investment in Virgin Wines is valued at GBP9.12 million. This
represents an uplift in valuation of GBP4.64 million, compared to
that included in the Company's unaudited Net Asset Value ("NAV")
per share at 31 December 2020 as above. In isolation, the impact of
this uplift in valuation upon the Company's unaudited NAV per share
as at 31 December 2020 is an increase of 5.53 pence per share. The
Company emphasises that this increase in unaudited NAV per share is
in isolation from other changes in the Company's balance sheet,
including valuation and other transaction movements in the
Company's investment portfolio, that may also have affected the NAV
per share since 31 December 2020.
As part of this transaction, the Company will receive payment of
its remaining loan stock of GBP1.09 million, leaving Virgin Wines
ungeared at that point.
For further information, please contact:
Mobeus Equity Partners LLP, Company Secretary
020 7024 7600
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END
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