REG - Mobeus Inc&Gwth - Offer for Subscription – Open for Applications

Mobeus Income & Growth VCTAnnouncement

02/09/2024 15:15

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RNS Number : 5791C  Mobeus Income & Growth VCT PLC  02 September 2024

 

Mobeus Income & Growth VCT plc           LEI:
213800HKOSEVWS7YPH79

The Income & Growth VCT plc                  LEI:
213800FPC15FNM74YD92

 

 

Offers for Subscription - Offers Now Open for Applications

 

This announcement is made jointly by Mobeus Income & Growth VCT plc (MIG)
and The Income & Growth VCT plc (I&G) (together the Companies and
each a Company), which are advised by Gresham House Asset Management Limited
(Gresham House).

 

On 10 June 2024, the Companies announced the launch of new offers for
subscription to raise in aggregate, up to £70 million, with over-allotment
facilities to raise, in aggregate, up to a further £10 million (together the
Offers and each an Offer) in the amounts below:

 

Following approval of the merger on which the Offers were conditional on 26
July 2024, the Offers are now open for applications and will close (unless
fully subscribed earlier or otherwise at the discretion of the relevant Board)
at 5.00 p.m. on 26 March 2025. If a board decides (in consultation with
Gresham House) to utilise its Company's over-allotment facility, this will be
advised through an RIS announcement. Full details of the Offers are contained
in the prospectus issued by the Companies on 18 July 2024 (Prospectus).

 

Investors can select which of the Companies they wish to invest in. Investors
can apply to invest equally in both of the Companies or the full amount in one
or the other of the Companies (subject to an Offer not having closed prior to
the application form being processed). The amount subscribed under each Offer
will be invested into new ordinary shares of 1p each in the relevant Company.

 

Applications under an Offer will be accepted on a 'first-come, first-served'
basis, subject always to the discretion of the relevant Company's board of
directors. For these purposes 'first-come, first-served' shall be assessed
based on the date and time of receipt of a fully completed application,
subject to receipt of application monies (in full) in cleared funds within
five business days thereafter to retain the applicant's position of priority.

 

The Prospectus and Application Forms are available for download from:
www.mobeusvcts.co.uk/vct-fundraising
(https://eur02.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.mobeusvcts.co.uk%2Fvct-fundraising&data=05%7C01%7Ct.standaloft%40greshamhouse.com%7C62ebd648921e40b9d01508daa6da6b5b%7C7a74c7b448444bcaa292c2f67edf7466%7C1%7C0%7C638005754284701261%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=nQOKL39EEIUi13SjVyfSiJbpItzzGU8I7oUq5R9BOTw%3D&reserved=0)

 

 

For further information, please contact:

 

Gresham House Asset Management Limited Company Secretary

Telephone: +44 (0)20 7382 0999

 

 

Please note that the Mobeus VCTs and Gresham House cannot give any financial,
legal, tax or investment advice.

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