6th Nov 2018 16:28
LONDON (Alliance News) - Mobeus Income & Growth VCT PLC on Tuesday said its net asset value slipped in the third quarter of 2018 due to the payment of its interim dividend.
NAV per share declined to 68.88 pence in the three months to the end of September from 69.69p reported at the end of June.
The decrease was principally due to the payment of an interim dividend of 2.00p per share in the quarter, Mobeus Income explained.
During the period, the company said it made one new investment and one follow-on investment into an existing portfolio company.
In August, Mobeus invested GBP570,000 in Rotageek, a provider of cloud-based enterprise software. Meanwhile, in September, Mobeus made a follow-on investment of GBP1.2 million into Preservica, a retailer of proprietary digital archiving software.
The company bought back 195,000 of its shares at a price of 61.50p per share for cancellation in August. In September, it purchased back a further 279,872 shares at 60.50p each.
The stock was untraded on Tuesday, last quoted at 57.50p a share.
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