Issue of Equity

RNS Number : 9127C

Income & Growth VCT (The) PLC

25 January 2018

 

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

25 January 2018

Issue of Equity

The Company announces that on 24 January 2018 it allotted and issued 3,327,211 new Ordinary Shares of 1p each ("Shares").  These new Shares in the Company have been issued pursuant to the Offer for subscription with Mobeus Income & Growth VCT plc, Mobeus Income & Growth 2 VCT plc and Mobeus Income & Growth 4 VCT plc, launched on 6 September 2017, to raise up to £80 million in aggregate ("the Offer"). 

In accordance with the allotment formula set out in the prospectus for the Offer, the Shares were issued at prices of between 79.03 pence and 84.16 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 has been made for the new Ordinary Shares to be admitted to the Official List of the UK Listing Authority and dealings are expected to commence on or around 30 January 2018.

Following this allotment, the issued share capital of the Company is 97,368,061 Ordinary Shares of 1p each.

Applications for subscription totalling £69.9 million in aggregate have been received in respect of the Offer on behalf of the companies, of which £19.4 million have been received by the Company out of a maximum possible £25 million.

For further information please contact:

Robert King at Mobeus Equity Partners LLP,

Company Secretary, on 020 7024 7600.

 

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