TIDMMIX

RNS Number : 1791A

Mobeus Income & Growth VCT PLC

23 May 2023

Mobeus Income & Growth VCT plc

("the Company")

LEI: 213800HKOSEVWS7YPH79

INTERIM MANAGEMENT STATEMENT

For the quarter ended 31 March 2023

Mobeus Income & Growth 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   GBP107.76 million   GBP100.32 million 
                                to shareholders 
                                Shares in issue         168,698,389         156,718,602 
                      Net asset value (NAV) per         63.88 pence         64.01 pence 
                                          share 
                      Cumulative dividends paid        156.80 pence        156.80 pence 
                        Cumulative Total return        220.68 pence        220.81 pence 
                        (net asset value basis) 
                      per share since inception

The NAV per share has decreased by 0.13 pence in the quarter (a decrease of 0.2% from the opening NAV per share).

OFFER FOR SUBSCRIPTION

On 6 February 2023, the Company allotted and issued 11,979,787 new ordinary shares, raising net funds (after costs) of GBP7.67 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 GBP0.30 million into Connect Earth Limited, an environmental data provider.

On 22 March 2023, the Company completed a new investment of GBP0.59 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 GBP2.70 million. Over the life of this investment, the Company has received GBP3.79 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 GBP0.55 million into Dayrize B.V., a sustainability impact assessment tool provider.

SHARE BUYBACK AFTER THE PERIOD END

On 18 April 2023, the Company purchased 1,451,085 of its own ordinary shares at a price of 60.81 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 58.88 pence and increase cumulative dividends paid to 161.80 pence per share.

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 :

Gresham House Asset Management Limited,

Company Secretary: 020 7382 0999

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END

MSCSEDSWEEDSEII

(END) Dow Jones Newswires

May 23, 2023 02:00 ET (06:00 GMT)

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