Mobeus Income & Growth 4 VCT PLC Realisation of Investment (1410Y)
September 07 2020 - 2:00AM
UK Regulatory
TIDMMIG4
RNS Number : 1410Y
Mobeus Income & Growth 4 VCT PLC
07 September 2020
Mobeus Income & Growth 4 VCT plc
(the "Company")
LEI: 213800IFNJ65R8AQW943
Realisation of investment in Blaze Signs Holdings Limited
The Company is pleased to announce the sale of its investment in
Blaze Signs Holdings Limited ("Blaze") to a private equity fund
advised by Elaghmore Advisor LLP. The Company has received GBP0.55
million in cash from the sale, generating a realised gain over cost
over the life of the investment of GBP0.94 million, being the
equivalent of 1.11 pence per share.
In isolation, the impact of this sale on the Company's latest
announced NAV per share (adjusted for subsequent dividends) of
57.30 pence at 31 March 2020, would be an increase of 0.57 pence
per share. The Company emphasises that the increase in NAV per
share from this realisation is in isolation from other changes in
the Company's balance sheet, including valuation and other
transaction movements in the Company's investment portfolio, that
may also have affected the NAV per share at 30 June 2020. The Board
expects that this NAV per share at 30 June 2020 will be released in
early September 2020.
All four Mobeus-advised VCTs realised their investment in Blaze.
Cash proceeds have been received by the four Mobeus-advised VCTs
over the life of their investment in Blaze of GBP13.81 million,
against an original investment cost of GBP5.30 million. This
represents a return for the Mobeus VCTs in aggregate of 2.6 times
the original investment cost and an IRR of 13% in the 14 years that
this investment was held.
For further information, please contact:
Mobeus Equity Partners LLP, Company Secretary 020 7024 7600
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