Issue of Equity

RNS Number : 2015E

Income & Growth VCT (the) PLC

07 April 2014

 

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

7 April 2014

Issue of Equity

The Company announces that on 4 April 2014 it allotted and issued 1,138,164 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 114.47205 pence and 120.12013 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 10 April 2014.

Following this allotment, the issued share capital of the Company is 59,728,142 Ordinary Shares of 1 penny each.

A total of £32.4 million has been raised to date under the Offer, of which £8.1 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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