Issue of Equity

RNS Number : 0306E

Income & Growth VCT (the) PLC

03 April 2014

 



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

3 April 2014

Issue of Equity

The Company announces that on 3 April 2014 it allotted and issued 661,852 new Ordinary Shares of 1 penny each.  These new shares in the Company have been issued subsequent to the linked offer for subscription with Mobeus Income & Growth VCT plc, Mobeus Income & Growth 2 VCT plc and Mobeus Income & Growth 4 VCT plc launched on 28 November 2013 to raise up to £34 million ("the Offer").   In accordance with the allotment formula set out in the prospectus for the Offer, the new Ordinary Shares were issued at prices of between 114.47 and 120.10 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 Ordinary Shares to be admitted to the Official List of the UK Listing Authority and dealings are expected to commence on 9 April 2014.

Following this allotment, the issued share capital of the Company is 58,589,978 Ordinary Shares of 1 penny each.

A total of £30.98 million has been raised to date under the Offer, of which £7.75 million has been raised for The Income & Growth VCT plc.

For further information please contact:

Sarah Penfold at Mobeus Equity Partners LLP, Company Secretary, on 020 7024 7616.

 

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