Mobeus Income & Growth 4 VCT PLC Partial realisation of investment - EOTH Limited (6447I)
December 05 2022 - 10:00AM
UK Regulatory
TIDMMIG4
RNS Number : 6447I
Mobeus Income & Growth 4 VCT PLC
05 December 2022
Mobeus Income & Growth 4 VCT plc
(the "Company")
LEI: 213800IFNJ65R8AQW943
Partial realisation of investment in EOTH Limited
The Company is pleased to announce the sale of its equity
investment in EOTH Limited ("EOTH"). The Company has received
GBP5.05 million in cash from the sale (including accrued preference
dividends) and, to date, has generated a realised gain over cost
over the life of the investment of GBP5.61 million, being the
equivalent of 5.34 pence per share. The Company has retained its
loan stock investment in EOTH.
In isolation, the impact of this partial sale on the Company's
latest announced unaudited NAV per share of 80.50 pence at 30
September 2022 (adjusted for a dividend of 6.00 pence per share
paid on 7 November 2022), would be an increase of 0.58 pence per
share. The Company emphasises that the increase in NAV per share
from this realisation 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 at 30 September 2022.
To date, cash proceeds have been received over the life of the
investment of GBP6.56 million, against an original cost of GBP0.95
million. This represents a return to date for the Company of 6.9
times the original investment cost and an IRR of 23.2% in the
eleven years that this investment was held.
For further information, please contact:
Gresham House Asset Management Limited
Company Secretary
+44 (0)20 7382 0999
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