TIDMMIG
RNS Number : 0369L
Mobeus Income & Growth 2 VCT PLC
08 September 2021
Mobeus Income & Growth 2 VCT plc
("the Company")
LEI: 213800LY62XLI1B4VX35
INTERIM MANAGEMENT STATEMENT
For the quarter ended 30 June 2021
Mobeus Income & Growth 2 VCT plc presents an Interim
Management Statement for the quarter ended 30 June 2021. 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 30 June At 31 March 2021
2021
(unaudited) (audited)
Net assets attributable to GBP79.50 million GBP73.90 million
shareholders
Shares in issue 73,230,275 73,230,275
Net asset value (NAV) per 108.56 pence 100.91 pence
share
Cumulative dividends paid 116.00 pence 116.00 pence
to date per share
Cumulative Total return (net 224.56 pence 216.91 pence
asset value basis) per share
since inception
The NAV per share has increased by 7.65 pence in the quarter (an
increase of 7.6% upon the opening NAV per share). This positive
performance is principally due to a continued rise in unrealised
portfolio valuations.
DIVIDENDS
After the period end, on 30 July 2021, an Interim dividend of
6.00 pence per ordinary share in respect of the year ended 31 March
2021 was paid to all Shareholders whose names were on the Register
on 9 July 2021. Payment of this dividend has reduced the NAV per
share at 30 June 2021 of 108.56 pence to 102.56 pence and increased
cumulative dividends paid to 122.00 pence per share.
SHARE BUY-BACKS
After the period end, on 9 July 2021, the Company purchased
299,932 of its own ordinary shares at a price of 90.16 pence per
share for cancellation.
Following this purchase, the Company has 72,930,343 ordinary
shares of 1 penny each in issue.
INVESTMENT ACTIVITY DURING THE PERIOD
New investments during the period
On 22 June 2021, a new investment of GBP0.61 million was made
into Legatics, a SaaS LegalTech software business.
On 25 June 2021, a new investment of GBP0.56 million was made
into Pets' Kitchen (trading as Vet's Klinic), a veterinary clinics
business and pet food provider.
Follow-on investments during the period
On 16 April 2021 and 18 May 2021, follow-on investments
totalling GBP0.18 million were made into Caledonian Leisure, a
provider of UK leisure and experience breaks.
On 26 May 2021, a follow-on investment of GBP0.61 million was
made into Bella & Duke, a premium frozen raw dog food
provider.
On 27 June 2021, a follow-on investment of GBP0.05 million was
made into Spanish Restaurant Group Limited (trading as Tapas
Revolution), a Spanish restaurant chain.
Loan repayments during the period
On 1 April 2021, a loan repayment of GBP0.19 million was
received by the Company from Vian Marketing Limited (trading as Red
Paddle).
On 28 May 2021, a loan repayment of GBP0.27 million was received
by the Company from MPB Group Limited.
Other proceeds received during the period.
On 12 April 2021, the Company received further proceeds of
GBP0.05 million in respect of Vectair Holdings Limited, an
investment realised in a previous year.
INVESTMENT ACTIVITY AFTER THE PERIOD END
Follow-on investments after the period end
On 5 August 2021, a follow-on investment of GBP0.52 million was
made into MyTutor, a digital tutoring marketplace.
Partial Realisation after the period-end
On 6 August 2021, the Company sold part of its original equity
holding in MyTutor to a large strategic investor generating
proceeds of GBP0.52 million and a GBP0.38 million realised gain for
the Company over the original cost of the equity shares sold. In
isolation, the impact of this partial sale is a 0.09 pence uplift
in NAV per share compared to the 30 June 2021 NAV per share of
108.56 pence, referred to above.
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 :
Mobeus Equity Partners LLP, Company Secretary: 020 7024
7600.
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END
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