8th May 2019 16:04
LONDON (Alliance News) - Venture capital firm Mobeus Income & Growth VCT PLC said Wednesday assets and cumulative return both grew in the first quarter of 2019.
At the end of March, net asset value per share had grown 4.4% to 73.37 pence from 70.25p three months earlier. This was after total net assets expanded 4.4% to GBP78.4 million from GBP75.1 million three months before amid no new investments or divestments.
Including cumulative dividends paid since inception, cumulative total return stood at 187.17p at the end of March, up 1.7% from 184.05p three months prior.
Although no share buybacks were undertaken during the quarter, the firm did repurchase 938,401 shares at 61.9327p each on April 2 with them being subsequently cancelled. Following this cancellation, Mobeus has 106.0 million shares outstanding.
Shares in Mobeus were 1.7% lower at 57.00p on Wednesday.
Related Shares:
Mobeus I&g