The Inc & Grwth VCT - Offer for Subscription – Update
17/10/2022 13:35
For best results when printing this announcement, please click on link below: http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20221017:nRSQ1405Da&default-theme=true RNS Number : 1405D Income & Growth VCT (The) PLC 17 October 2022 The Income & Growth VCT plc LEI: 213800FPC15FNM74YD92 Offer for Subscription - Update On 5 October 2022 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) announced the launch of new offers for subscription (together the Offers and each an Offer). The I&G Offer seeks to raise in up to £14 million (Initial Amount), with an over-allotment facility to raise up to a further £8 million (Over-Allotment Facility). The I&G Offer opened for applications at 9.00 a.m. on 17 October 2022. The I&G Board is pleased to announce that applications have been received for over 65% of the Initial Amount. Based on the investor appetite, the initial amount is likely to be fully subscribed shortly.The allotment of shares in respect of applications accepted by the Company for the Initial Amount is planned for 16 November 2022. The I&G Board is pleased to further announce that it has decided to make the Over-Allotment Facility available in full. Potential investors should note that whilst applications can continue to be made, the allotment of shares in respect of applications accepted by the Company for the Over-Allotment will not be made until January 2023. For further information, please contact: Gresham House Asset Management Limited Company Secretary Telephone: +44 (0)20 7382 0999 Please note that I&G 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 MSCMRBTTMTJBBTT