Mobeus Income & Growth VCT plc ("the Company")
INTERIM MANAGEMENT STATEMENT
For the quarter ended 31 March 2019
Mobeus Income & Growth VCT plc presents an Interim Management Statement for the quarter ended 31 March 2019. 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 2019 |
At 31 December 2018 |
Net assets attributable to shareholders |
£78,430,032 |
£75,077,982 |
Shares in issue |
106,902,163 |
106,865,868 |
Net asset value (NAV) per share |
73.37p |
70.25p |
Cumulative dividends paid |
113.80p |
113.80p |
Cumulative Total return (net asset value basis) per share since inception |
187.17p |
184.05p |
DIVIDENDS
A final dividend of 5.00 pence per share in respect of the year ended 31 December 2018 was approved by shareholders at the AGM held today. The final dividend will be paid, to shareholders on the register on 26 April 2019, on 17 May 2019 and will bring cumulative dividends paid since inception to 118.80 pence per share.
NEW INVESTMENTS
The Company made no new investments during the quarter.
DIVESTMENTS
There were no divestments during the quarter.
REPURCHASE OF PREFERENCE SHARES AND DEFERRED CONSIDERATION RECEIPTS
The VCT received £0.09 million from the repurchase of preference shares by Plastic Surgeon and a further £0.31 million in deferred consideration in respect of Entanet Holdings, an investment realised in a prior year.
LOAN STOCK REPAYMENTS
The VCT received final repayments from the five companies preparing to trade totalling £1.80 million.
SHARE BUYBACKS
There were no share buybacks during the quarter.
Shortly after the quarter end, on 3 April 2019, the Company repurchased 938,401 of its own ordinary shares at a price of 61.9327 pence per share for cancellation.
Following this share buyback and cancellation there are now 105,963,762 ordinary shares of 1 penny each in issue.
ANNUAL GENERAL MEETING
The Company is pleased to announce that all of the resolutions proposed at the Annual General Meeting of the Company held today, 8 May 2019, were approved by shareholders.
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:
Robert King, for Mobeus Equity Partners LLP, Company Secretary: 020 7024 7600.
