Mobeus Income & Growth 4 VCT PLC Interim Management Statement (2399A)
May 23 2023 - 1:00AM
UK Regulatory
TIDMMIG4
RNS Number : 2399A
Mobeus Income & Growth 4 VCT PLC
23 May 2023
Mobeus Income & Growth 4 VCT plc
("the Company")
LEI: 213800IFNJ65R8AQW943
INTERIM MANAGEMENT STATEMENT
For the quarter ended 31 March 2023
Mobeus Income & Growth 4 VCT plc presents an Interim
Management Statement for the quarter ended 31 March 2023. 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 2023 At 31 December
2022
(unaudited) (audited)
Net assets attributable GBP88.11 million GBP83.54 million
to shareholders
Shares in issue 110,365,539 104,356,447
Net asset value (NAV) per 79.83 pence 80.05 pence
share
Cumulative dividends paid 153.20 pence 153.20 pence
Cumulative Total return 233.03 pence 233.25 pence
(net asset value basis)
per share since inception
The NAV per share has decreased by 0.22 pence in the quarter (a
decrease of 0.3% from the opening NAV per share).
OFFER FOR SUBSCRIPTION
On 6 February 2023, the Company allotted and issued 6,009,092
new ordinary shares, raising net funds (after costs) of GBP4.81
million. Following this allotment, after receiving applications for
the full amount sought, the Offers for Subscription across all four
Mobeus VCTs launched on 5 October 2022 were closed.
INVESTMENT ACTIVITY DURING THE PERIOD
New Investment during the period
On 7 March 2023, the Company completed a new investment of
GBP0.25 million into Connect Earth Limited, an environmental data
provider.
On 22 March 2023, the Company completed a new investment of
GBP0.50 million into Cognassist Limited, an education and
neuro-inclusion solutions provider.
Realisations during the period
In March 2023, the Company achieved a full exit of Tharstern
Group Limited generating proceeds of GBP2.14 million. Over the life
of this investment, the Company has received GBP3.01 million which
equates to a multiple on cost of 2.6x and an IRR of 15%.
INVESTMENT ACTIVITY AFTER THE PERIOD END
New investment after the period end
On 3 May 2023, the Company completed a new investment of GBP0.46
million into Dayrize B.V., a sustainability impact assessment tool
provider.
SHARE BUYBACK AFTER THE PERIOD END
On 18 April 2023, the Company purchased 626,264 of its own
ordinary shares at a price of 76.05 pence per share.
All shares bought back by the Company were subsequently
cancelled.
DIVIDEND DECLARED AFTER THE PERIOD END
On 13 April 2023, an interim dividend of 5.00 pence per share in
respect of the year ending 31 December 2023 was declared and is
payable on 26 May 2023 to all Shareholders whose names were on the
register on 21 April 2023. Payment of this interim dividend will
reduce NAV per share (shown above) to 74.83 pence and increase
cumulative dividends paid to 158.80 pence per share.
Please note that all of the above information is unaudited,
except that relating to 31 December 2022.
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 :
Gresham House Asset Management Limited,
Company Secretary: 020 7382 0999
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END
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