REG - Mobeus Inc&Gwth - MERGER UPDATE AND GENERAL MEETINGS

Mobeus Income & Growth VCTAnnouncement

18/07/2024 13:45

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RNS Number : 9812W  Mobeus Income & Growth VCT PLC  18 July 2024

MERGER UPDATE AND GENERAL MEETINGS

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

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

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

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

(together the Companies and each a Company)

 

18 July 2024

On 18 June 2024, the Companies issued a joint circular (Circular) setting out
proposals for, amongst other things, merging the four Companies into two
(Merger), offers for subscription by MIG and I&G (as the proposed
surviving Companies, such offers being conditional on the Merger becoming
effective) and notices for general meetings of the Companies to be convened on
18 July 2024 and 26 July 2024 in connection therewith (General Meetings and
each a General Meeting). Set out below are the results of the General Meetings
of the Companies held today (18 July 2024).

MIG

MIG is pleased to announce that all the resolutions proposed at its General
Meeting were duly passed.

Proxy results were received in respect of 14,100,948 ordinary shares
representing 8.70% of the issued share capital as at 16 July 2024.

The following table shows the proxy votes cast for each resolution:

 Resolution  For                     Against              Withheld
             Number      Percentage  Number   Percentage
 1           13,378,166  94.96%      709,330  5.04%       13,452
 2           13,279,469  94.65%      751,052  5.35%       70,427
 3           13,273,520  94.90%      713,124  5.10%       114,304
 4           13,383,800  95.37%      649,972  4.63%       67,176

1.              A withheld vote is not a vote in law and,
accordingly, is not counted in the calculation of the proportion of votes
"For" and "Against" the resolution concerned.

2.              Any proxy appointments which gave discretion to
the Chair have been included in the vote "For" total.

A copy of the resolutions passed at the MIG General Meeting will shortly be
available for inspection on both MIG's website (www.migvct.co.uk
(www.migvct.co.uk) ) as well as at the National Storage Mechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) ).

MIG 2

MIG 2 is pleased to announce that the resolution proposed at its General
Meeting was duly passed.

Proxy results were received in respect of 8,242,594 ordinary shares
representing 8.53% of the issued share capital as at 16 July 2024.

The following table shows the proxy votes cast for the resolution:

 For                    Against              Withheld
 Number     Percentage  Number   Percentage
 7,851,767  97.21%      225,374  2.79%       165,093

1.              A withheld vote is not a vote in law and,
accordingly, is not counted in the calculation of the proportion of votes
"For" and "Against" the resolution.

2.              Any proxy appointments which gave discretion to
the Chair have been included in the vote "For" total.

A copy of the resolutions passed at the MIG 2 General Meeting will shortly be
available for inspection on both MIG 2's website (www.mig2vct.co.uk
(www.mig2vct.co.uk) ) as well as at the National Storage Mechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) ).

I&G

I&G is pleased to announce that all the resolutions proposed at its
General Meeting were duly passed.

Proxy results were received in respect of 12,713,830 ordinary shares
representing 8.16% of the issued share capital as at 16 July 2024.

The following table shows the proxy votes cast for each resolution:

 Resolution  For                     Against              Withheld
             Number      Percentage  Number   Percentage
 1           12,128,574  96.80%      400,571  3.20%       184,685
 2           12,035,077  96.47%      440,680  3.53%       238,073
 3           11,917,175  96.02%      493,935  3.98%       302,720
 4           12,040,665  97.11%      358,027  2.89%       315,138

1.              A withheld vote is not a vote in law and,
accordingly, is not counted in the calculation of the proportion of votes
"For" and "Against" the resolution concerned.

2.              Any proxy appointments which gave discretion to
the Chair have been included in the vote "For" total.

A copy of the resolutions passed at the I&G General Meeting will shortly
be available for inspection on both I&G's website
(www.incomeandgrowthvct.co.uk (www.incomeandgrowthvct.co.uk) ) as well as at
the National Storage Mechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) ).

MIG 4

MIG 4 is pleased to announce that the resolution proposed at its General
Meeting was duly passed.

Proxy results were received in respect of 10,477,985 ordinary shares
representing 9.50% of the issued share capital as at 16 July 2024.

The following table shows the proxy votes cast for the resolution:

 For                    Against              Withheld
 Number     Percentage  Number   Percentage
 9,675,362  92.46%      789,364  7.54%       13,259

1.              A withheld vote is not a vote in law and,
accordingly, is not counted in the calculation of the proportion of votes
"For" and "Against" the resolution.

2.              Any proxy appointments which gave discretion to
the Chair have been included in the vote "For" total.

A copy of the resolutions passed at the MIG 4 General Meeting will shortly be
available for inspection on both MIG 4's website (www.mig4vct.co.uk
(www.mig4vct.co.uk) ) as well as at the National Storage Mechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) ).

FURTHER INFORMATION

For further information, please contact:

Gresham House Asset Management Limited

Company Secretary

Telephone: +44 (0)20 7382 0999

 

 

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