Mobeus Income & Growth VCT PLC Interim Management Statement - 3rd Quarter Results (7871O)
November 09 2016 - 11:19AM
UK Regulatory
TIDMMIX
RNS Number : 7871O
Mobeus Income & Growth VCT PLC
09 November 2016
Mobeus Income & Growth VCT plc
("the Company")
INTERIM MANAGEMENT STATEMENT
For the quarter ended 30 September 2016
Mobeus Income & Growth VCT plc presents an Interim
Management Statement for the quarter ended 30 September 2016. The
statement also includes relevant financial information between the
end of the period and the date of this statement.
NET ASSET VALUE (NAV) AND TOTAL RETURN PER SHARE
At 30 September 2016 At 30 June
2016
Net assets attributable to GBP62,785,625 GBP68,672,569
shareholders
Shares in issue 75,627,951 75,627,951
Net asset value (NAV) per 83.02
share p 90.80 p
89.80
Cumulative dividends paid p 81.30 p
Cumulative total return per 172.82
share (NAV basis) since inception p 172.10 p
% return on initial NAV per
share of 94.5 pence at inception
in July 2004 82.9 % 82.1 %
The NAV per share fell by 7.78 pence over the quarter,
principally due to the payment of an interim dividend of 8.50 pence
per share in the quarter, referred to below.
DIVIDENDS
The Company paid an interim dividend of 8.50 pence per share
(comprising 6.50 pence from capital and 2.00 pence from income) on
20 September 2016, bringing cumulative dividends paid per share to
date to 89.80 pence.
INVESTMENT ACTIVITY
New Investments
There were no new investments during the period.
After the period-end, on 20 October 2016, GBP0.61 million was
invested into BookingTek Limited, a provider of direct-booking
software to major hotel groups. This is the third investment made
in accordance with the Company's new Investment Policy, approved by
shareholders in May this year. The new Policy was prepared in
response to new VCT rules that require all VCTs to provide growth
capital to younger, earlier stage companies]
Realisations
There were no realisations during the period. GBP0.02 million
was received from Newquay Helicopters (2013) as a third interim
distribution resulting from the members' voluntary liquidation of
the company.
SHARE BUY-BACKS
There were no share buybacks during the period.
Please note that all of the information above 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:
Sarah Penfold, for Mobeus Equity Partners LLP, Company
Secretary: 020 7024 7600.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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November 09, 2016 11:19 ET (16:19 GMT)
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