Mobeus Income & Growth 2 VCT PLC Interim Management Statement (2148P)
08 February 2023 - 4:00AM
UK Regulatory
TIDMMIG
RNS Number : 2148P
Mobeus Income & Growth 2 VCT PLC
07 February 2023
MOBEUS INCOME & GROWTH 2 VCT PLC
("the Company")
LEI: 213800LY62XLI1B4VX35
INTERIM MANAGEMENT STATEMENT
For the quarter ended 31 December 2022
Mobeus Income & Growth 2 VCT plc presents an Interim
Management Statement for the quarter ended 31 December 2022. 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 December At 30 September
2022 2022
(unaudited) (unaudited)
Net assets attributable GBP70,433,343 GBP68,459,466
to shareholders
Shares in issue 89,496,349 80,022,131
Net asset value (NAV) per 78.70 pence 85.55 pence
share
Cumulative dividends paid 140.00 pence 134.00 pence
Cumulative Total return 218.70 pence 219.55 pence
(net asset value basis)
per share since inception
NAV total return per share, after adding back the dividend of
6.00 pence per share paid in November 2022, has decreased by 1.0%
in the quarter ended 31 December 2022. However, the NAV per share
has decreased by 6.85 pence in the quarter (an 8.0% decrease).
INVESTMENT ACTIVITY DURING THE PERIOD
Partial realisation during the period
On 24 November 2022, the Company sold its equity investment in
EOTH Limited. The Company received GBP4.33 million in cash from the
sale (including accrued preference dividends). Total proceeds
received to date over the seven and a half year life of the
investment were GBP5.64 million compared to an original investment
cost of GBP0.82 million, a multiple on cost of 6.9x and an IRR of
23.2%.
Loan repayment during the period
On 21 October 2022, the Company received a loan repayment of
GBP0.37 million from Jablite Holdings Limited.
DIVIDEND PAID DURING THE PERIOD
On 7 November 2022, an interim dividend of 6.00 pence per share
in respect of the year ending 31 March 2023 was paid to all
Shareholders whose names were on the register on 30 September
2022.
FUNDRAISING
On 5 October 2022 the Company launched an Offer for Subscription
of GBP16 million (including over-allotment amount), alongside
Offers from the other Mobeus VCTs. The Company received
subscriptions amounting to the full amount within the quarter and
was subsequently then closed to further applications. In accordance
with the Offers' prospectus, in respect of the initial amount, an
allotment of 9,693,230 Ordinary shares took place on 16 November
2022 raising net funds (after costs) of GBP7.71 million for the
Company. In respect of the over-allotment amounts, a second
allotment of 9,782,440 Ordinary shares took place on 6 February
2023 raising net funds (after costs) of GBP7.70 million for the
Company.
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
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END
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