MOBEUS INCOME & GROWTH VCT
PLC
("the Company")
LEI: 213800HKOSEVWS7YPH79
INTERIM MANAGEMENT
STATEMENT
For the quarter ended 31 March
2024
Mobeus Income & Growth VCT plc presents an
Interim Management Statement for the quarter ended 31 March 2024.
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 2024
(unaudited)
|
At 31 December 2023
(audited)
|
|
Net assets attributable to
shareholders
|
£97.00 million
|
£95.99 million
|
|
Shares in issue
|
164,285,230
|
164,285,230
|
|
Net asset value (NAV) per
share
|
59.04 pence
|
58.43 pence
|
|
Cumulative dividends paid
|
166.30 pence
|
166.30 pence
|
|
Cumulative Total return (net asset
value basis) per share since inception
|
225.34 pence
|
224.73 pence
|
The NAV per share has increased by
0.61 pence in the quarter (an increase of 1.0% from the NAV per
share at 31 December 2023).
INVESTMENT ACTIVITY DURING THE PERIOD
New
Investment during the period
On 19 March 2024, the Company
completed a new investment of £0.71 million into SciLeads Limited,
a data-intelligence platform within the life science sector.
Further Investments during the period
On 10
January 2024, a follow on investment of £0.55 million
was made into MyTutorWeb Limited (trading as MyTutor), a digital
marketplace for online tutoring.
On 25 March 2024, a follow on loan
investment of £0.08 million was made into Orri Limited, specialists
in eating disorder support.
Realisations during the period
On 15 February 2024, proceeds of
£3.49 million were received in respect of the sale of Master
Removers Group 2019 Limited (trading as Anthony Ward Thomas,
Bishopsgate and Aussie Man & Van). These proceeds contributed
to a multiple on cost of 3.3x over the life of this investment.
Further proceeds may be receivable in due course.
INVESTMENT ACTIVITY AFTER THE PERIOD END
Further Investments after the period end
On 3 May 2024, the Company completed
a follow on investment of £1.79 million into Data Discovery
Solutions Limited (trading as ActiveNav), a provider of data
discovery solutions for compliance and information
governance.
SHARE BUYBACK AFTER THE PERIOD END
On 25 April 2024, the Company
purchased 1,417,646 of its own ordinary shares at a price
of 55.51 pence per share.
All shares bought back by the
Company were subsequently cancelled.
DIVIDEND DECLARED AFTER THE PERIOD END
On 24 April 2024, an interim
dividend of 4.00 pence per share in respect of the year ending 31
December 2024 was declared and will be paid on 31 May 2024 to all
Shareholders whose names were on the register on 3 May 2024.
Payment of this interim dividend will reduce NAV per share
(shown above) to 55.04 pence and increase cumulative dividends paid
to 170.30 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