Mobeus Income & Growth VCT plc

Welcome to the webpage of Mobeus Income & Growth VCT plc (formerly Matrix Income & Growth VCT plc). The Company was launched in the 2004/2005 tax year and raised £20.9 million, net of issue costs. It merged with Matrix Income & Growth 3 VCT plc on 20 May 2010.


As part of the 2024 merger a Dividend Investment Scheme was approved for Mobeus Income & Growth VCT plc. The Company are now offering a Dividend Investment Scheme (DIS) as of 1 August 2024. The scheme rules and mandate form can be accessed here.

The share certificates from the allotment on 1 October 2024 under the 2024/25 fundraise, were posted on Tuesday 7 October.  If shareholders have not received their new certificate(s) by 21 October, they should contact City Partnership on:  01484 240 910.

Mobeus Income & Growth VCT plc Live Share Price Dividends Fund's Top 10 Investments Directors & Advisers

Fund's Board of Directors and advisers, including the Investment Adviser and the Registrar

Key Shareholder Information

Company's Annual and Half-Year Reports, AGM Notices, Key Information documents

Corporate Governance

Corporate Governance, Compliance with AIC Code, Terms of reference and Policies

Merger The Income & Growth VCT plc Mobeus Income & Growth 2 VCT plc Mobeus Income & Growth 4 VCT plc
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Key facts

Date Launched

July 2004

Company Number

5153931

Investment Adviser

Gresham House Asset Management Limited

Auditor

BDO LLP

Registered Office

5 New Street Square, London EC4A 3TW

Directors

Clive Boothman

Lucy Armstrong

Ian Blackburn

Sarah Clark

Registrar

The City Partnership (UK) Limited

LSE Code

MIX

Fund Performance

Latest published
valuation		 Net assets
(£m)		 Net asset value
(pence per share)		 Total dividends paid
(pence per share)		 NAV cumulative total return
(pence per share)
26 Jul 2024 148.6 56.1 170.3 226.4

Reviewing the performance of your investment:

Use the attached table to see how your investment has performed (including the dividends you have received) from the date on which your shares were allotted.

Go to London Stock Exchange for Live Share Price and Regulatory News
Cumulative dividends paid
since launch
170.3
(p)
Dividends paid in respect
of current financial year
4.0
(p)
In respect of financial year
Paid in financial year

Dividends paid per share in respect of financial year

Dividend paid per share

Dividends paid per share in financial year

Dividend paid per share
Show Detailed Payment History
Payment Date In respect of y/e Type Dividends paid per
share (p)
31 May 2024 31/12/2024 Interim 4.0
08 Nov 2023 31/12/2023 Interim 4.5
26 May 2023 31/12/2023 Interim 5.0
07 Nov 2022 31/12/2022 Interim 4.0
15 Jul 2022 31/12/2022 Interim 4.0
07 Jan 2022 31/12/2021 Interim 4.0
12 Jul 2021 31/12/2021 Interim 5.0
17 Dec 2020 31/12/2020 Interim 5.0
07 May 2020 31/12/2020 Interim 6.0
08 Jan 2020 31/12/2019 Interim 4.0
06 Dec 2019 31/12/2019 Interim 2.0
20 Sep 2019 31/12/2019 Interim 4.0
17 May 2019 31/12/2018 Final 5.0
21 Sep 2018 31/12/2018 Interim 2.0
17 May 2018 31/12/2017 Final 3.0
08 Dec 2017 31/12/2017 Interim 4.0
13 Sep 2017 31/12/2017 Interim 9.0
31 Mar 2017 31/12/2016 Interim 6.0
20 Sep 2016 31/12/2016 Interim 8.5
31 May 2016 31/12/2015 Final 7.0
17 Sep 2015 31/12/2015 Interim 3.0
30 Apr 2015 31/12/2014 Special 7.0
17 Sep 2014 31/12/2014 Interim 17.0
14 May 2014 31/12/2013 Final 3.3
18 Sep 2013 31/12/2013 Interim 4.0
15 May 2013 31/12/2012 Final 2.0
20 Sep 2012 31/12/2012 Interim 5.0
22 May 2012 31/12/2011 Final 6.3
15 Sep 2011 31/12/2011 Interim 0.5
27 May 2011 31/12/2010 Final 5.0
21 Apr 2010 31/12/2009 Interim 5.0
15 May 2009 31/12/2008 Final 1.0
11 Sep 2008 31/12/2008 Interim 3.3
21 May 2008 31/12/2007 Final 7.8
20 Sep 2007 31/12/2007 Interim 1.0
18 May 2007 31/12/2006 Final 1.4
14 Sep 2006 31/12/2006 Interim 0.8
16 May 2006 31/12/2005 Final 0.7
27 Sep 2005 31/12/2005 Interim 0.3
Total dividends paid since launch 170.3

As part of the merger a Dividend Investment Scheme was approved for Mobeus Income and Growth (MIG)

 

Unclaimed dividends

Shareholders are encouraged to ensure that the Registrars maintain up-to-date details for them and to check whether they have received all the dividends payable to them. This is particularly important for those who have recently moved house or changed their bank. We are aware that a number of dividends remain unclaimed by shareholders and whilst we will endeavour to contact the shareholders concerned, if this is the case, we cannot guarantee that we will be able to do so if the Registrars do not have an up-to-date telephone number and/or email address.

Dividend Investment Scheme

The Scheme provides shareholders with the opportunity to reinvest their cash dividends into new shares in the VCT at the latest published NAV price. New VCT shares attract the same tax reliefs as shares purchased through an Offer for Subscription.

Key information:

  • All previously registered participants of the Scheme were automatically re-enrolled, and their future dividends will be re-invested unless they decide to opt-out.

  • The Scheme re-invests dividends at the latest published NAV price.

  • Shareholders can opt-in by completing a mandate form and posting it to The City Partnership (UK) Limited, The Mending Rooms, Park Valley Mills, Meltham Road, Huddersfield HD4 7BH

  • Shareholders can opt-out by emailing a completed and signed removal form to registrars@city.uk.com from their registered email address, or by contacting City using the details provided below.

  • Alternatively, shareholders can use the online portal to opt-in and opt-out of the Scheme via CityHub. You will need your Investor Code in the Change of Registrar letter sent to you by the Company.

Shareholder Queries:

The Scheme Administrator is The City Partnership (UK) Limited, and they handle all queries relating to the Scheme, including amendments to participation. Their details are as follows:

Email: registrars@city.uk.com

Post: The City Partnership (UK) Limited, The Mending Rooms, Park Valley Mills, Meltham Road, Huddersfield HD4 7BH

Tel: 01484 240 910.

(Lines are open 9:00 am to 17:30 pm, Monday to Friday, excluding public holidays in England and Wales. Calls are charged at the standard geographic rate and will vary by provider. Calls from outside the UK will be charged at the applicable international rate.)

Rules and Documents:

The Scheme Rules for the Scheme and a mandate form can be downloaded via the links below:

Scheme Rules

Mandate form

Net asset value per share
as at 26 Jul 2024*
56.1
(p)
Net asset value cumulative total return
per share since launch*
226.4
(p)

* adjusted for dividends paid since this date

Latest

Period End Net asset
(£m)		 Net asset
value per share
(pence per share)		 Cumulative dividends
paid per share
(pence per share)		 Net asset value
cumulative total return
(pence per share)
26 Jul 2024 148.6 56.1 170.3 226.4

Note: All figures are adjusted from when a dividend has become ex-div in the period after which a NAV has been announced.

Show current and historical data at year end
Period End Net asset
(£m)		 Net asset
value per share
(pence per share)		 Cumulative dividends
paid per share
(pence per share)		 Net asset value
cumulative total return
(pence per share)
31 Dec 2023 96.0 58.4 166.3 224.7
31 Dec 2022 100.3 64.0 156.8 220.8
31 Dec 2021 113.0 90.3 144.8 235.1
31 Dec 2020 84.7 67.0 139.8 206.8
31 Dec 2019 71.9 68.8 124.8 193.6
31 Dec 2018 75.1 70.3 113.8 184.1
31 Dec 2017 69.9 71.8 108.8 180.6
31 Dec 2016 63.2 83.5 89.8 173.3
31 Dec 2015 74.1 97.5 74.3 171.8
31 Dec 2014 60.4 99.4 64.3 163.7
31 Dec 2013 54.3 102.2 44.1 146.3
31 Dec 2012 43.3 94.2 38.1 132.3
31 Dec 2011 40.7 95.6 26.8 122.4
31 Dec 2010 38.5 96.7 21.3 118.0
31 Dec 2009 17.0 83.3 16.3 99.6
31 Dec 2008 18.0 86.5 15.3 101.8
31 Dec 2007 25.7 116.9 4.2 121.1
31 Dec 2006 22.3 100.6 1.8 102.4

NAV Cumulative Total Return

The following chart shows the net asset value cumulative total return at the end of the financial year (net asset value plus cumulative dividends paid since inception) expressed as pence per share.

Net asset value plus cumulative dividends paid per share (p)
NAV Cumulative total return over five years to 31 Dec 2023 %
57.8
(%)
NAV Cumulative Total Return since launch* to 31 Dec 2023 %
137.8
(%)

* - 'Launch' is based upon an issue price at launch of 94.5 pence (being 100 pence less 4.5 pence issue costs).

Year End Annual NAV cumulative total return%
31 December 2023 6.1%
31 December 2022 15.8%
31 December 2021 42.2%
31 December 2020 19.3%
31 December 2019 13.6%
31 December 2018 4.9%

Objective

The objective of the Company is to provide investors with a regular income stream, by way of tax-free dividends generated from income and capital returns, while continuing at all times to qualify as a VCT.

Investment policy

The Investment policy is designed to meet the Company’s overall objective:

Investments

The Company invests primarily in a diverse portfolio of UK unquoted companies. Investments are made selectively across a number of sectors, principally in established companies. Investments are usually structured as part loan stock and part equity in order to produce a regular income stream and to generate capital gains from realisations.

There are a number of conditions within the VCT legislation which need to be met by the Company and which may change from time to time. The Company will seek to make investments in accordance with the requirements of prevailing VCT legislation.

Asset allocation and risk diversification policies, including the size and type of investments the Company makes, are determined in part by the requirements of prevailing VCT legislation. No single investment may represent more than 15% (by VCT tax value) of the Company’s total investments at the date of investment.

Liquidity

The Company’s cash and liquid funds are held in a portfolio of readily realisable interest bearing investments, deposit and current accounts, of varying maturities, subject to the overriding criterion that the risk of loss of capital be minimised.

Borrowing

The Company’s articles of association permit borrowings of amounts up to 10% of the adjusted capital and reserves (as defined therein). However, the Company has never borrowed and the Board would only consider doing so in exceptional circumstances.

Marketing of shares to retail investors

We confirm that the shares of Mobeus Income & Growth VCT plc are currently ‘excluded securities’ in accordance with guidance issued by the Financial Conduct Authority and can therefore be recommended to retail investors by financial advisers.

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