MOBEUS INCOME & GROWTH 4 VCT
PLC
("the Company")
LEI: 213800IFNJ65R8AQW943
INTERIM MANAGEMENT
STATEMENT
For the quarter ended 31 March
2024
Mobeus Income & Growth 4 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
|
£80.19 million
|
£81.24 million
|
|
Shares in issue
|
111,656,815
|
111,141,509
|
|
Net asset value (NAV) per
share
|
71.81 pence
|
73.09 pence
|
|
Cumulative dividends paid
|
166.20 pence
|
164.20 pence
|
|
Cumulative Total return (net asset
value basis) per share since inception
|
238.01 pence
|
237.29 pence
|
The NAV per share, after adding back
the dividend of 2.00 pence per share paid on 22 March 2024 has
increased by 0.72 pence per share (an increase of 1.0% from the
opening NAV per share).
INVESTMENT ACTIVITY DURING THE PERIOD
New
Investment during the period
On 19 March 2024, the Company
completed a new investment of £0.60 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 £0.47 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 £0.06 million was made into Orri Limited, specialists
in eating disorder support.
Realisations during the period
On 15
February 2024, proceeds of £2.91 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.
DIVIDEND PAID DURING THE PERIOD
An interim dividend of 2.00 pence
per share in respect of the year ending 31 December 2024 was
declared on 6 February 2024 and was paid on 22 March 2024 to all
Shareholders whose names were on the register on 16 February
2024.
DIVIDEND INVESTMENT SCHEME
("DIS")
On 22 March 2024, 515,306 new
Ordinary shares were allotted through the DIS at a price of 71.06
pence per share.
INVESTMENT ACTIVITY AFTER THE PERIOD END
Further Investments after the period end
On 3 May 2024, the Company completed
a follow on investment of £1.39 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 1,106,750 of its own ordinary shares at a price
of 67.54 pence per share.
All shares bought back by the
Company were subsequently cancelled.
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.
