14th May 2021 14:08
(Alliance News) - Mobeus Income & Growth 4 VCT PLC on Friday said its performance had improved in the first quarter of 2021.
The investment company said net asset value as at the end of March was 97.24 pence per share, up from 81.50p as at December 31. Mobeus VCT 4 explained that this strong performance is principally due to a further rise in unrealised portfolio valuations as well as gains on realisations.
During the period, the company partially realised its investment in MPB Group Ltd as part of a GBP49.8 million primary and secondary funding round. The value of the remaining investment in MPB as at March 31 was GBP5.1 million.
The company also said it realised its remaining investment in Omega Diagnostics PLC, generating net proceeds of GBP420,000.
In February, a new investment of GBP910,000 was made into Vivacity Labs Ltd, an artificial intelligence & urban traffic control system, while in March, Mobeus 4 VCT made a new investment of GBP140,000 into Caledonian Leisure Ltd, a travel & leisure company.
Mobeus Income & Growth 4 VCT shares were trading 0.6% lower in London on Friday at 86.00p each.
By Evelina Grecenko; [email protected]
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