8th May 2014 13:54
LONDON (Alliance News) - Mobeus Income & Growth VCT PLC Thursday said net asset value per share rose by 5.54% over the first three months of 2014, primarily due to the quarter's income return and further appreciation in the value of the investment portfolio.
In a statement, Mobeus Income & Growth VCT said net asset value per share increased to 107.72 pence, from 102.18 pence, in the three months ended March 31.
In April it sold the remainder of its investment in MachineWorks Software Ltd for GBP1.6 million. The total proceeds received over the life of the investment amounted to GBP2.6 million, more than four times its original investment, it said.
By Samuel Agini; [email protected]; @samuelagini
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