25th Nov 2015 09:56
LONDON (Alliance News) - Mobeus Income & Growth VCT PLC Wednesday said its net asset value per share fell by 1.11 pence over the quarter to end-September, principally as a result of the payment of a dividend of 3.00 pence.
The company's net asset value per share as at end-September was 93.90 pence, down from 95.01 pence as at the end of June.
During the quarter, the venture capital trust made one new investment of GBP1.2 million in Tushingham Sails Ltd, a supplier of stand-up paddleboards. It realised no investments during the period. However, it received GBP250,000 from Newquay Helicopters as an interim distribution due to the voluntary liquidation of the company, and a further GBP20,000 from Machineworks, an investment realised in an earlier period.
Shares in Mobeus Income & Growth were untraded Wednesday morning at 82.50 pence.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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