REG - The Inc & Grwth VCT - OFFER FOR SUBSCRIPTION - UPDATE

Income and Growth VCTAnnouncement

17/10/2024 16:30

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20241017:nRSQ6584Ia&default-theme=true

RNS Number : 6584I  Income & Growth VCT (The) PLC  17 October 2024

THE INCOME & GROWTH VCT PLC

LEI: 213800FPC15FNM74YD92

 

OFFER FOR SUBSCRIPTION - UPDATE

 

On 18 June 2024 Mobeus Income & Growth VCT plc (MIG) and The Income &
Growth VCT plc (I&G) launched new offers for subscription (together the
Offers and each an Offer) subject to, and conditional on, the merger of Mobeus
Income & Growth 2 VCT plc with MIG and Mobeus Income & Growth 4 VCT
plc with I&G (Merger) being implemented.  The Merger was implemented on
26 July 2024.  The I&G Offer seeks to raise up to £35 million with an
over-allotment facility to raise up to a further £10 million (Over-Allotment
Facility) contained in a prospectus issued on 18 June 2024.

The I&G Board is pleased to announce that it has now received applications
reaching its £45 million limit, including the Over-Allotment Facility. On the
basis that such applications are all valid and accepted, the I&G Offer is
now fully subscribed. The final allotment of shares in respect of applications
accepted by I&G is planned for 28 October 2024, as announced to the London
Stock Exchange on 18 September 2024.

 

For further information please contact:

 

Gresham House Asset Management Limited

Company Secretary

 

Telephone: +44 (0)20 7382 0999

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  UPDQKOBBPBDDBKD