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LONDON - Mobeus Income & Growth VCT PLC announced today the successful sale of its investment in Rota Geek Limited, resulting in a cash inflow of £4.03 million. The transaction led to a realized gain of £1.44 million for the venture capital trust, which translates to an increase of 0.43 pence per share over the life of the investment.
This sale has a positive but isolated effect on the Company’s net asset value (NAV) per share, which would see an increase of 0.19 pence from the last unaudited NAV of 52.43 pence reported on December 31, 2024. This calculation takes into account the dividend of 2.00 pence paid on April 11, 2025, and excludes other balance sheet changes that could also influence the NAV.
The total cash proceeds received over the investment period amounted to £4.14 million, against an initial investment cost of £2.70 million. This represents a return of 1.5 times the original cost and an internal rate of return (IRR) of 9.1% over the nearly seven-year holding period.
Investors are advised to look forward to the Company’s announcement of its NAV per share as of March 31, 2025, which will be detailed in its Half Year Report expected to be released in mid-June.
The information in this article is based on a press release statement from Mobeus Income & Growth VCT PLC.
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