REG - Mobeus Inc&Gwth - Fundraising Update, Circular and General Meetings

Mobeus Income & Growth VCTAnnouncement

14/09/2022 15:00

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RNS Number : 3175Z  Mobeus Income & Growth VCT PLC  14 September 2022

Mobeus Income & Growth VCT plc (MIG)          - LEI:
213800HKOSEVWS7YPH79

Mobeus Income & Growth 2 VCT plc (MIG 2)    - LEI: 213800LY62XLI1B4VX35

Mobeus Income & Growth 4 VCT plc (MIG 4)    - LEI: 213800IFNJ65R8AQW943

The Income & Growth VCT plc (I&G)                 - LEI:
213800FPC15FNM74YD92

(together the Companies and each a Company)

Joint Announcement - Fundraising Update, Circular and General Meetings

On 15 August 2022, the boards of directors of the Companies (Boards) each
announced their intention to raise further funds through new offers for
subscription (Offers). It is anticipated that the prospectus in relation to
the Offers will be available in early October. The maximum amount each Board
will be seeking to raise is set out below:

             MIG                        MIG 2                      MIG 4                      I&G
 Offer size  £14 million                £8 million                 £11 million                £14 million

             (with an over-allotment    (with an over-allotment    (with an over-allotment    (with an over-allotment

             facility of £8 million)    facility of £8 million)    facility of £5 million)    facility of £8 million)

As the Companies currently have limited authority from shareholders of the
Companies to allot (having disapplied pre-emption rights) shares for the
purposes of the proposed Offers, each Company has convened a general meeting
to seek additional shareholder allotment authorities. Each Company is also
taking the opportunity to take authority from its shareholders to cancel its
share premium account and redemption reserve.

A joint circular (Circular) issued by the Companies has been posted to
shareholders today to convene the general meetings (General Meetings and each
a General Meeting) to be held on 12 October 2022 at the offices of Gresham
House Asset Management Limited, 80 Cheapside, London EC2V 6EE as follows:

·      MIG General Meeting to be held at 11.00 a.m.

·      MIG 2 General Meeting to be held at 11.30 a.m.

·      MIG 4 General Meeting to be held at noon

·      I&G General Meeting to be held at 12.30 p.m.

Copies of the Circular will shortly be available for download from the
Company's relevant websites:

·      MIG: www.migvct.co.uk

·      MIG 2: www.mig2vct.co.uk

·      MIG 4: www.mig4vct.co.uk

·      I&G: www.theincomeandgrowthvct.co.uk

and through the national storage mechanism:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://www.globenewswire.com/Tracker?data=UZctTWmVV7uchMMKxQbo-2JfKw8YppLVB3IrCuN3o6xQYk9RttcGi2nYFdpTO8cgi3782_Xwggpx8_4Nw3z7-HfnU33CU6j0pc_XaSVnY_K1-KY9NRtPEpfSqKeIMkfqHIQuc3mvNESO9WDmJBfnbY5QGs6RiYuHy4cCZPPIpzwq1Ix_dAhwW2FRawZ8licl)

For further information, please contact:

Gresham House Asset Management Limited

Company Secretary

Telephone: 020 7382 0999

 

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