Offers for Subscription Now Open for Applications

RNS Number : 0197D

Mobeus Income & Growth VCT PLC

17 October 2022

 

Mobeus Income & Growth VCT plc            (LEI: 213800HKOSEVWS7YPH79)

Mobeus Income & Growth 2 VCT plc   (LEI: 213800LY62XLI1B4VX35)

Mobeus Income & Growth 4 VCT plc   (LEI: 213800IFNJ65R8AQW943)

The Income & Growth VCT plc   (LEI: 213800FPC15FNM74YD92)

Offers for Subscription - Offers Now Open for Applications

This announcement is made jointly by Mobeus Income & Growth VCT plc (MIG), Mobeus Income & Growth 2 VCT plc (MIG 2), Mobeus Income & Growth 4 VCT plc (MIG 4) and The Income & Growth VCT plc (I&G) (together the Companies and each a Company), which are advised by Gresham House Asset Management Limited (Gresham House).

On 5 October 2022, the Companies announced the launch of new offers for subscription to raise in aggregate, up to £47 million, with over-allotment facilities to raise, in aggregate, up to a further £29 million (together the Offers and each an Offer) in the amounts below:

	MIG	MIG 2	MIG 4	I&G
Maximum amount to be raised (excluding the over- allotment facility)	£14 million	£8 million	£11 million	£14 million
Maximum amount to be raised (including the over- allotment facility)	£22 million	£16 million	£16 million	£22 million

The Offers are now open for applications and will close (unless fully subscribed earlier or otherwise at the discretion of the relevant Board) at 5.30 p.m. on 27 March 2023. If a board decides (in consultation with Gresham House) to utilise its Company's over-allotment facility, this will be advised through a RIS announcement. Full details of the Offers are contained in the prospectus issued by the Companies on 5 October 2022 (Prospectus).

Investors can select which of the Companies they wish to invest in. Investors can apply to invest equally in all of the Companies or different amounts in one or more of the Companies (subject to an Offer not having closed prior to the application form being processed). The amount subscribed under each Offer will be invested into new ordinary shares of 1p each in the relevant Company.

Applications under an Offer will be accepted on a 'first-come, first-served' basis, subject always to the discretion of the relevant Company's board of directors. For these purposes 'first-come, first-served' shall be assessed based on the date and time of receipt of a fully completed application, subject to receipt of application monies (in full) in cleared funds within five business days thereafter to retain the applicant's position of priority.

The Prospectus and Application Forms are available for download from:  www.mobeusvcts.co.uk/vct-fundraising

For further information, please contact:

Gresham House Asset Management Limited Company Secretary

Telephone: [phone]

Please note that the Mobeus VCTs and Gresham House cannot give any financial, legal, tax or investment advice.

 

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