Issue of Equity & Total Voting Rights

RNS Number : 2268E

Income & Growth VCT (The) PLC

09 March 2022

 

THE INCOME & GROWTH VCT PLC

(the "Company")

LEI: 213800FPC15FNM74YD92

Issue of Equity and Total Voting Rights

The Company announces that on 9 March 2022 it allotted and issued 10,191,964   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 20 January 2022 , to raise up to £35 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 97.28 and 102.04 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 11 March 2022.

Following this allotment, the issued share capital and total voting rights of the Company are 129,217,701 Ordinary Shares of 1p each.

The Company's offer for subscription, as set out in the Prospectus published 20 January 2022, has reached the maximum number of subscriptions and all the shares have been allotted. The offer is now closed.

For further information, please contact:

Gresham House Asset Management Limited

Company Secretary

Tel:  [phone]

 

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