Issue of Equity

RNS Number : 0899H

Income & Growth VCT (the) PLC

10 March 2015

 



The Income & Growth VCT plc (the "Company")

10 March 2015

Issue of Equity

The Company announces that on 10 March 2015 it allotted and issued 674,612 new Ordinary Shares of 1 penny each ("Shares").  These new Shares in the Company have been issued subsequent to the Company's offer for subscription with Mobeus Income & Growth VCT plc, Mobeus Income & Growth 2 VCT plc and Mobeus Income & Growth 4 VCT plc launched on 10 December 2014 to raise up to £39 million in aggregate including £10 million for the Company ("the Offers").

In accordance with the allotment formula set out in the prospectus for the Offers, the new Shares were issued at prices between 105.84 and 113.83 pence per Share, depending on the adviser charge (if applicable) and the number of Shares issued (after taking roundings into account) pertaining to each application.

Application will be made for the new Shares to be admitted to the Official List of the UK Listing Authority and dealings are expected to commence on 16 March 2015.

Following this allotment, the issued share capital of the Company is 70,139,069 Ordinary Shares of 1 penny each.

A total of £39 million has been raised under the Offers, of which £10 million was raised for The Income & Growth VCT plc.

As announced on 23 February 2015, the Offer is now closed, having been fully subscribed.

For further information please contact:

Sarah Penfold at Mobeus Equity Partners LLP, Company Secretary, on 020 7024 7616.

 

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