MIX Mobeus Income & Growth Vct Plc

TIDMMIX

RNS Number : 6443I

Mobeus Income & Growth VCT PLC

05 December 2022

Mobeus Income & Growth VCT plc

(the "Company")

   LEI:   213800HKOSEVWS7YPH79 

Partial realisation of investment in EOTH Limited

The Company is pleased to announce the sale of its equity investment in EOTH Limited ("EOTH"). The Company has received GBP6.89 million in cash from the sale (including accrued preference dividends) and, to date, has generated a realised gain over cost over the life of the investment of GBP7.66 million, being the equivalent of 4.88 pence per share. The Company has retained its loan stock investment in EOTH.

In isolation, the impact of this partial sale on the Company's latest announced unaudited NAV per share of 64.16 pence at 30 September 2022 (adjusted for a dividend of 4.00 pence per share paid on 7 November 2022), would be an increase of 0.53 pence per share. The Company emphasises that the increase in NAV per share from this realisation is in isolation from other changes in the Company's balance sheet, including valuation and other transaction movements in the Company's investment portfolio, that may also have affected the NAV per share at 30 September 2022.

To date, cash proceeds have been received over the life of the investment of GBP8.96 million, against an original cost of GBP1.30 million. This represents a return to date for the Company of 6.9 times the original investment cost and an IRR of 23.2% in the eleven years that this investment was held.

For further information, please contact:

Gresham House Asset Management Limited

Company Secretary

+44 (0)20 7382 0999

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December 05, 2022 11:00 ET (16:00 GMT)

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