THE INCOME & GROWTH VCT PLC
Enhanced Buyback Facility
The Board of The Income & Growth VCT plc ("the Company") announced on 25 March
2013 the closure of the Company's enhanced buy-back facility ("Enhanced Buyback
Facility").
All correctly completed applications in respect of the Enhanced Buyback
Facility (i.e. both shareholders' basic entitlement and, where elected,
additional shares tendered) have been accepted in full and as a result there
has been no scaling back of applications.
The Company has today in respect of applications for the 2012/2013 tax year
purchased 4,694,852 ordinary shares of 1 pence each ("Shares") at a price of
108.8 pence per share and allotted 4,548,282 new Shares at 112.3 pence per
share pursuant to the Enhanced Buyback Facility.
The new Shares rank pari passu in all respects with the existing share capital
of the Company.
Application has been made to the UK Listing Authority and the London Stock
Exchange for the new Shares to be admitted to the Official List and to trade on
the London Stock Exchange's main market for listed securities. It is expected
that admission will become effective and dealings will commence on or around 9
April 2013.
Buybacks and allotments in respect of accepted applications for the Enhanced
Buyback Facility in the 2013/2014 tax year are expected to be undertaken on 8
April 2013 in accordance with the expected timetable for the Enhanced Buyback
Facility.
As a result, of the buyback and allotment of shares undertaken today pursuant
to the Enhanced Buyback Facility there are now 50,002,908 Shares in issue.
The above figure may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to notify their
interest in, or a change to their interest in, the Company under the FSA's
Disclosure and Transparency Rules.
For further information please contact:
Mobeus Equity Partners LLP
Company Secretary
Sarah Penfold
Telephone: 020 7024 7616
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