Issue of Equity Replacement

RNS Number : 4301S

Mobeus Income & Growth VCT PLC

02 October 2017

 

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

29 September 2017

Issue of Equity

The Company announces that on 28 September 2017 it allotted and issued 3,798,991 new Ordinary Shares of 1p each ("Shares").  These new Shares in the Company have been issued pursuant to the Offer for subscription with The 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 £50 million in aggregate, including £15 million to be raised by the Company ("the Offer").  In accordance with the allotment formula set out in the prospectus for the Offers, the new Ordinary Shares were issued at prices between 73.58 and 78.28 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 or around 4 October 2017.

Following this allotment, the issued share capital of the Company is 79,310,888 Ordinary Shares of 1p each.

A total of £20.4 million has been raised under the Offers, of which £5.7 million was raised for Mobeus Income & Growth VCT plc.  These totals are updated daily on the VCT section of the Mobeus website at: www.mobeusequity.co.uk/vct-investors/fundraising.

For further information please contact:

Jonathan McGuire at Mobeus Equity Partners LLP, Company Secretary, on 020 7024 7615.

 

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