REG - Mobeus Inc&Gwth - Issue of Equity and Total Voting Rights

Mobeus Income & Growth VCTAnnouncement

28/10/2024 14:00

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RNS Number : 9044J  Mobeus Income & Growth VCT PLC  28 October 2024

 

MOBEUS INCOME & GROWTH VCT PLC

(the "Company")

 

LEI:  213800HKOSEVWS7YPH79

 

Issue of Equity and Total Voting Rights

The Company announces that on 28 October 2024 it allotted and issued
21,476,755 new Ordinary Shares of 1p each ("Shares").  These new Shares in
the Company have been issued pursuant to the offer for subscription with The
Income & Growth VCT plc ("I&G") 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 57.53 and 60.31 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 341,353,548 Ordinary Shares and the total number of shares
with voting rights in the Company is 341,353,548.  The Company does not hold
any shares in Treasury.

 

The above figure 341,353,548 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 I&G
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, £43,470,841.01 million after
expenses.

 

For further information, please contact:

 

Gresham House Asset Management Limited

Company Secretary

 

Tel: 020 7382 0999

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