Mobeus Income & Growth VCT Realises Investment in Rota Geek Limited
Why we think this is good
The RNS announcement provides positive details on the realisation of the company's investment in Rota Geek Limited. The sale generated a realised gain of £1.44 million, representing a return of 1.5 times the original investment cost and an IRR of 9.1%. The cash proceeds have been received, and the impact on the company's NAV per share is also disclosed. Overall, the announcement indicates a successful investment and exit, which is a positive outcome for the company and its shareholders.
Key Points
- Successful realisation of investment in Rota Geek Limited
- £4.03 million in cash proceeds received
- Realised gain of £1.44 million over original cost of £2.70 million
- Return of 1.5 times original investment and IRR of 9.1%
- Positive impact on company's NAV per share
Summary
Mobeus Income & Growth VCT plc has announced the sale of its investment in Rota Geek Limited. The company has received £4.03 million in cash from the sale, generating a realised gain over cost of £1.44 million. This represents a return of 1.5 times the original investment cost and an IRR of 9.1% over the nearly seven-year holding period. The cash proceeds have been received, and the impact of this sale on the company's latest announced unaudited NAV per share of 52.43 pence would be an increase of 0.19 pence per share.