Publication of Suppl.Prospcts

RNS Number : 0946E

Income & Growth VCT (The) PLC

25 February 2020

 

Joint Announcement

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)

Issue of Third Supplementary Prospectus

The Companies issued a prospectus ( constituted by a summary, securities note and registration document) dated 25 October 2019 (Prospectus) relating to the offers for subscription to raise, in aggregate, up to £38 million, with over-allotment facilities to raise, in aggregate, up to a further £20 million and, in the case of Mobeus Income & Growth 2 VCT plc only, a further increase to raise up to a further £2.1 million (Offers and each an Offer). The Prospectus has been updated through the issue of supplementary prospectuses dated 20 December 2019 and 7 February 2020 (First Supplementary Prospectus and Second Supplementary Prospectus respectively).

The Companies have each announced utilisation of their over-allotment facilities. I&G has announced that its Offer was fully subscribed, that all I&G Offer Shares have been allotted and that its Offer has closed. MIG and MIG 4 have each announced that their respective Offers are fully subscribed.

On 14 February 2020, t he Companies announced the realisation of investment holdings in three companies held commonly in their investment portfolios.   In respect of MIG, MIG 2 and MIG 4, the impact of the realisations on the unaudited net assets and net asset value per share as at 30 June 2019 is a significant new factor (Realisation Impact) in relation to the Prospectus (as updated by the First Supplementary Prospectus and the Second Supplementary Prospectus).

The Boards of the Companies announce that they have published a third supplementary prospectus (ThirdSupplementary Prospectus) to the Prospectus (as updated by the First Supplementary Prospectus and the Second Supplementary Prospectus) as a result of the Realisation Impact.

A copy of the Third Supplementary Prospectus has been submitted to the Financial Conduct Authority and will shortly be available for inspection at the National Storage Mechanism, which is located at:

www.morningstar.co.uk/uk/nsm

Copies of this Third Supplementary Prospectus, together with the Prospectus, the First Supplementary Prospectus and the Second Supplementary Prospectus, are available from the following website:

www.mobeus.co.uk/vct-fundraising

For further information please contact:

Rob Brittain

Mobeus Equity Partners LLP , Company Secretary, on 020 7024 7600 

 

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