3rd Jul 2019 12:04
(Alliance News) - Mobeus Income & Growth 4 VCT PLC on Wednesday said it has disposed of its investment in ASL Technology Holdings Ltd on a debt free and cash free basis.
The investment firm said it will receive GBP3.4 million in cash following the sale. Mobeus 4 VCT said it generated a realised gain over cost over the life of the investment of GBP2.3 million, being the equivalent of 3.38 pence per share.
The company's shares were untraded on Wednesday in London, last closing at 75.50p each.
The impact of this sale on Mobeus 4 VCT's net asset value per share of 83.59p as at March 31, would be an increase of 0.67p per share, it said.
All four Mobeus-advised VCTs realised their investment in ASL, the company noted. Total cash proceeds received by the four Mobeus-advised VCTs over the life of their investment in ASL are GBP21.2 million, against an original investment cost of GBP9.7 million.
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