REG - Mobeus Inc&Gwth - Investment Adviser Co-investment Incentive Scheme

Mobeus Income & Growth VCTAnnouncement

26/07/2023 14:30

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RNS Number : 3027H  Mobeus Income & Growth VCT PLC  26 July 2023

 

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

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

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

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

 

Investment Adviser Co-investment Incentive Scheme

This announcement is made jointly by 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) (together the
Companies and each a Company). Gresham House Asset Management Limited acts as
the investment adviser to the Companies (Investment Adviser).

The board of directors of the Companies (Boards) are keen to ensure that the
Investment Adviser has a well incentivised investment team looking after the
Companies. To support this, the Boards have agreed to adopt a co-investment
incentive scheme (Scheme) under which members of the Investment Adviser's VCT
investment and administration team will invest their own money into a
proportion of the ordinary shares of each investment made by the Companies
(the co-investment under the Scheme will represent 8% of the overall ordinary
share investment in an investee company).

The co-investment incentive scheme will apply to investments made on or after
26 July 2023, such co-investment to be at the same time and on substantially
the same terms as the investment by the Companies. Each Board will keep the
co-investment incentive scheme arrangements under review.

For further information, please contact:

Gresham House Asset Management Limited

Company Secretary

Telephone: +44 (0)20 7382 0999

 

 

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