Offer Update

RNS Number : 6063A

Income & Growth VCT (the) PLC

23 December 2014

 



Joint Announcement

Offer for Subscription

Mobeus Income & Growth VCT plc, Mobeus Income & Growth 2 VCT plc, Mobeus Income & Growth 4 VCT plc and The Income & Growth VCT plc (together "the Companies").

Further to the launch of offers for subscription to raise, in aggregate, up to £39 million by the Companies on 10th December 2014, the Companies' boards have been advised that applications of £4.8 million, in aggregate, have been received as at 23rd December 2014.

The Companies' boards wish to remind investors that the early investment incentive discount applies only to the first £15 million of applications received, in aggregate. In the event that this limit of £15 million is exceeded, further applications received in excess of this limit will not benefit from the early investment incentive discount of 1% of the amount subscribed.

Once applications have been received in excess of £15 million, the following procedure will apply if this limit of £15 million is reached before 6^th February 2015. The receiving agent will inform further applicants up to 6^th February 2015, that their application will not receive the early investment incentive discount of 1%, by post or e-mail. The applicant will be given seven calendar days from the date of the communication to withdraw their application, if they so wish, otherwise their application will continue to be processed.

For further information, please contact:

Mobeus Equity Partners LLP

Rob Brittain

Telephone: [phone]

 

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