27th Mar 2023 15:32
(Alliance News) - Four London-listed venture capital trusts on Monday said they have sold their investments in Tharstern Group Ltd.
Lancashire, England-based Tharstern provides software for the printing industry.
Income & Growth VCT PLC said it received GBP2.9 million in cash from the disposal. This will add 0.42 pence to its net asset value per share of 79.43p on December 31.
Mobeus Income & Growth VCT PLC said it received GBP2.7 million, adding 0.37p to NAV of 64.01 per share on December 31. Mobeus Income & Growth 2 VCT PLC received GBP1.6 million, adding 0.36p to 71.70p of NAV. Mobeus Income & Growth 4 VCT PLC received GBP2.1 million, adding 0.45p to 80.05p.
The four investment companies said the return from Tharstern was 2.6 times the original investment eight and a half years ago.
Shares in Income & Growth VCT were up 2.0% at 76.50p on Monday afternoon in London. Mobeus Income & Growth VCT was untraded at 61.00p, Mobeus Income & Growth 2 was up 1.5% at 69.50p, and Mobeus Income & Growth 4 was untraded at 76.00p.
By Tom Waite, Alliance News editor
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