REG - Gresham House I&G Gresham House I&G 2 - Offers for Subscription and Issue of Prospectus

Gresham House Income & Growth 2 VctAnnouncement

Mon 15:45

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260202:nRSB3776Ra&default-theme=true

RNS Number : 3776R  Gresham House Income & Growth VCT   02 February 2026

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, THE
REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT
JURISDICTION. THE INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE AN OFFER OF
SECURITIES FOR SALE IN ANY JURISDICTION, INCLUDING IN THE UNITED STATES,
CANADA, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA.

 

 

Gresham House Income & Growth VCT plc      (LEI: 213800FPC15FNM74YD92)

Gresham House Income & Growth 2 VCT plc   (LEI: 213800HKOSEVWS7YPH79)

(the "Companies" and each a "Company")

 

 

2 February 2026

 

 

Offers for Subscription and Issue of Prospectus

 

This announcement is made jointly by Gresham House Income & Growth VCT plc
("GHV1") and Gresham House Income & Growth 2 VCT plc ("GHV2"), which are
advised by Gresham House Asset Management Limited ("Gresham House").

 

The Boards of the Companies are pleased to announce the launch of offers for
subscription to raise, in aggregate, up to £65 million, with over-allotment
facilities to raise, in aggregate, up to a further £30 million (together the
"Offers" and each an "Offer"). The amount each Company is seeking to raise is
set out below:

 

                                                                      GHV1            GHV2
 Maximum amount to be raised (excluding the over-allotment facility)  £32.5 million   £32.5 million
 Maximum amount to be raised (including the over-allotment facility)  £47.5 million   £47.5 million

 

Full details of the Offers are contained in the prospectus issued by the
Companies today ("Prospectus"). The Offers will open for applications at 12
noon on 5 February 2026 and will close for Applications (unless fully
subscribed earlier or otherwise at the discretion of the relevant Board) on 31
March 2026 in respect of the 2025/26 tax year, unless a Board decides to
extend the Offer in relation to the relevant Company or the Offers are fully
subscribed or otherwise closed by the respective Board before this time. If
the Offers from either one or both Companies are not fully subscribed by 31
March 2026, the Directors reserve the right to allow their respective Offer to
remain open for at least part of the 2026/27 tax year, but not beyond 27
January 2027. If a Board decides (in consultation with Gresham House) to
utilise its Company's over-allotment facility, this will be advised through a
RIS announcement.

 

Investors can select which of the Companies they wish to invest in. Investors
can apply to invest equally in both of the Companies or different amounts in
one or both of the Companies (subject to an Offer not having closed prior to
the application form being processed). The amount subscribed under each Offer
will be invested into new ordinary shares of 1p each in the relevant Company.

 

Applications under an Offer will be accepted on a 'first-come, first-served'
basis, subject always to the discretion of the relevant Company's board of
directors. For these purposes 'first-come, first-served' shall be assessed
based on the date and time of receipt of a fully completed application,
subject to receipt of application monies (in full) in cleared funds within
five business days thereafter (or, if earlier, before an Offer deadline or
close of the Offer) to retain the applicant's position of priority.

 

The Prospectus, which has been approved by the Financial Conduct Authority,
will shortly be available for download from the Companies' websites at:

 

•           GHV1:
https://greshamhouse.com/gresham-house-income-growth-vct-plc/
(https://greshamhouse.com/gresham-house-income-growth-vct-plc/)

•           GHV2:
https://greshamhouse.com/gresham-house-income-growth-2-vct-plc/
(https://greshamhouse.com/gresham-house-income-growth-2-vct-plc/)

 

The Prospectus will also shortly be available for inspection at the National
Storage Mechanism, which is located at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .

 

Pursuant to an offers' agreement dated 2 February 2026 relating to the Offers
between, among others, each Company and Gresham House, each Company will pay
Gresham House a fee of an amount representing 3.0% of the Investment Amounts
(as defined in the Prospectus) in respect of applications accepted under its
Offer, less an amount equal to (i) 0.5% of the Investment Amounts in respect
of investors who receive advice from a financial adviser other than in respect
of a Professional Client (as defined in the Prospectus) investor (and the
application forms are completed by the financial adviser on this basis), (ii)
0.5% of the Investment Amounts where initial commission is waived by
intermediaries in respect of applications from 'execution only' investors and
Professional Client investors, (iii) 0.5% of the Investment Amounts in respect
of direct investors who are existing shareholders in either of the Companies
and (iv) any further amounts by which Gresham House agrees (at its discretion,
but subject to not reducing Offer Costs (as defined in the Prospectus) to nil)
to reduce its fees in respect of such applications, such amount being
inclusive of VAT.

 

As Gresham House is a related party of each Company under the Listing Rules of
the Financial Conduct Authority, the payment of such fee by each Company to
Gresham House is a transaction to which UKLR 11.4R applies. The Board of each
Company considers the arrangements for the payment of the fee under the offers
agreement to be fair and reasonable as far as the shareholders of that Company
are concerned, having been so advised by the Company's sponsor, Howard Kennedy
Corporate Services LLP.

 

 

For further information, please contact:

 

Gresham House Asset Management Limited

Company Secretary

 

Telephone: 020 7382 0999

 

 

Please note that GHV1, GHV2 and Gresham House cannot give any financial,
legal, tax or investment advice.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  PDIFLFFEFDIFIIR



            Copyright 2019 Regulatory News Service, all rights reserved