Issue of Equity

RNS Number : 6478I

Mobeus Income & Growth VCT PLC

02 April 2020

 

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

2 April 2020

Issue of Equity

The Company announces that on 2 Apr 2020 it allotted and issued 3,752,450   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 25 October 2019 , to raise up to £60.1 million in aggregate, which includes the utilisation of a £20 million over-allotment facility ("the Offer ").

In accordance with the allotment formula set out in the prospectus for the Offer, the Shares were issued at prices of between 63.40 and 60.46 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 3 April 2020.

Following this allotment, the issued share capital and total voting rights of the Company are 127,759,800 Ordinary Shares of 1p each.

The Company's offer for subscription, as set out in the Prospectus published on 25 October 2019, has reached the maximum number of subscriptions and all the shares have been allotted. The offer is now closed.

For further information please contact:

Mobeus Equity Partners LLP,

Company Secretary, on 020 7024 7600.

 

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