REG - The Inc & Grwth VCT - Issue of Equity and Total Voting Rights

Income and Growth VCTAnnouncement

29/10/2024 07:00

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RNS Number : 9363J  Income & Growth VCT (The) PLC  29 October 2024

THE INCOME & GROWTH VCT PLC

(the "Company")

 

LEI: 213800FPC15FNM74YD92

 

 

 

Issue of Equity and Total Voting Rights

 

The Company announces that on 28 October 2024 it allotted and issued
22,939,334 new Ordinary Shares of 1p each ("Shares").  These new Shares in
the Company have been issued pursuant to the offer for subscription with
Mobeus Income & Growth VCT plc ("MIG"), launched on 18 June 2024, to raise
up to £70 million, in aggregate, with over-allotment facilities to raise, in
aggregate, up to a further £20 million ("the Offer").

 

In accordance with the allotment formula set out in the prospectus for the
Offer, the Shares were issued at prices of between 71.13 and 74.57 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 has been made for the new Ordinary Shares to be admitted to the
Official List of the Financial Conduct Authority and dealings are expected to
commence on or around 1 November 2024.

 

Following this allotment, the issued share capital and total voting rights of
the Company are 330,684,390 Ordinary Shares and the total number of shares
with voting rights in the Company is 330,684,390.  The Company does not hold
any shares in Treasury.

 

The above figure 330,684,390 can be used by Shareholders as the denominator
for the calculations by which to determine if they are required to notify
their interest in, or a change to, their interest in the Company under the
FCA's Disclosure and Transparency Rules.

 

The Offer, as set out in the prospectus published by the Company and MIG on 18
June 2024, has reached the maximum number of subscriptions and all the shares
have been allotted The Offer is now closed for further applications, having
raised gross funds of £45 million, £43,388,079.56 million after expenses.

 

For further information, please contact:

 

Gresham House Asset Management Limited

Company Secretary

 

Tel: 020 7382 0999

 

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