Issue of Equity

RNS Number : 2704C

Income & Growth VCT (the) PLC

15 January 2015

 



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

15 January 2015

Issue of Equity

The Company announces that on 14 January 2015 it allotted and issued 4,382,979 new Ordinary Shares of 1 penny each ("Shares").  These new shares in the Company have been issued subsequent to the Company's offer for subscription with Mobeus Income & Growth VCT plc, Mobeus Income & Growth 2 VCT plc and Mobeus Income & Growth 4 VCT plc launched on 10 December 2014 to raise up to £39 million in aggregate and £10 million for the VCT ("the Offer").

In accordance with the allotment formula set out in the prospectus for the Offer, the new Shares were issued at prices between 106.6 and 112.3 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 Shares to be admitted to the Official List of the UK Listing Authority and dealings are expected to commence on 21 January 2015.

Following this allotment, the issued share capital of the Company is 65,478,530 Ordinary Shares of 1 penny each.

For further information please contact:

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

 

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