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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 £2.9 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 £2.7 million, adding 0.37p to NAV of 64.01 per share on December 31. Mobeus Income & Growth 2 VCT PLC received £1.6 million, adding 0.36p to 71.70p of NAV. Mobeus Income & Growth 4 VCT PLC received £2.1 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.
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