MOBEUS INCOME & GROWTH 4 VCT PLC

Net Asset Value • Nov 18, 2020

National Storage Mechanism | Additional information

RNS Number : 7778F

Mobeus Income & Growth 4 VCT PLC

18 November 2020

Mobeus Income & Growth 4 VCT plc

("the Company")

INTERIM MANAGEMENT STATEMENT

for the quarter ended 30 September 2020

Mobeus Income & Growth 4 VCT plc presents an Interim Management Statement for the third quarter ended 30 September 2020.  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 2020		At 30 June 2020
Net assets attributable to shareholders	£60.83 million	£54.57 million
Shares in issue	84,117,546	84,483,074
Net asset value (NAV) per share	72.31 pence	64.59 pence
Cumulative dividends paid	134.20 pence	134.20 pence
Cumulative total return per share (NAV basis) since inception in 2004	206.51 pence	198.79 pence

The NAV per share increased by 7.72 pence (12.0%) over the quarter, principally due to an uplift in the unrealised portfolio value combined with two profitable realisations, as explained further under 'Realisations during the period'.

INVESTMENT ACTIVITY DURING THE PERIOD

Further investments during the period

On 1 September 2020, the Company completed a further investment of £1.12 million into Buster & Punch, while also receiving a loan repayment of £0.16 million back from the company.

On 28 September 2020, the Company completed a further investment of £0.57 million into Preservica.

Realisations during the period

On 14 August 2020, the Company sold its investment in Tovey Management Limited (trading as Access IS) to ASSA ABLOY AB for cash proceeds of £5.35 million. Over the five years this investment was held, it generated cash proceeds of £6.24 million compared to an original investment cost of £2.47 million, which is a multiple on cost of 2.5x and an IRR of 23.4%.

On 2 September 2020, the Company sold its investment in Blaze Signs Holdings Limited in a secondary buyout backed by Elaghmore LLP, receiving cash proceeds of £0.55 million.  Over the 14 years this investment was held, it has generated cash proceeds of £1.55 million compared to an original investment cost of £0.61 million, which is a multiple on cost of 2.5x and an IRR of 13.1%.

Partial realisation during the period

On 10 September 2020, the Company realised a further 50% of its remaining investment in Omega Diagnostics plc, generating proceeds of £0.29 million. The Company had previously realised 50% of its holding in the previous quarter. To date, this investment has generated a multiple on cost of 5.0x on shares disposed.

Loan repayments and other proceeds during the period

Besides the loan repayment of £0.16 million from Buster & Punch referred to above, on 17 August 2020, the Company received further proceeds of £0.01 million arising from the realisation of Turner Topco Limited (trading as Auction Technology Group) which occurred earlier in the year.

INVESTMENT ACTIVITY AFTER THE PERIOD END

Loan repayment after the period end

On 19 October 2020, the Company received a part loan repayment from Vian Marketing Limited (trading as Red Paddle) totalling £0.16 million (including £0.05 million premium).

SHARE BUY-BACKS

On 30 September 2020, the Company purchased 365,528 of its own ordinary shares at a price of 61.36 pence per share for cancellation.

Following this purchase, the Company has 84,117,546 ordinary shares of 1 penny each in issue.

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.

LEI:  213800IFNJ65R8AQW943

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