REG - Mobeus Inc&Gwth - OFFER FOR SUBSCRIPTION - UPDATE

Mobeus Income & Growth VCTAnnouncement

15/10/2024 11:30

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RNS Number : 2634I  Mobeus Income & Growth VCT PLC  15 October 2024

 MOBEUS INCOME & GROWTH VCT PLC

 

LEI: 213800HKOSEVWS7YPH79

 

 

OFFER FOR SUBSCRIPTION - UPDATE

 

On 18 June 2024 Mobeus Income & Growth VCT plc (MIG) and The Income &
Growth VCT plc (I&G) launched new offers for subscription (together the
Offers and each an Offer) subject to, and conditional on, the merger of Mobeus
Income & Growth 2 VCT plc with MIG and Mobeus Income & Growth 4 VCT
plc with I&G (Merger) being implemented.  The Merger was implemented on
26 July 2024.  The MIG Offer seeks to raise up to £35 million with an
over-allotment facility to raise up to a further £10 million (Over-Allotment
Facility) contained in a prospectus issued on 18 June 2024.

The MIG Board is pleased to announce that it has now received applications
reaching its £45 million limit, including the Over-Allotment Facility. On the
basis that such applications are all valid and accepted, the MIG Offer is now
fully subscribed. The final allotment of shares in respect of applications
accepted by MIG is planned for 28 October 2024, as announced to the London
Stock Exchange on 18 September 2024.

 

For further information please contact:

 

Gresham House Asset Management Limited

Company Secretary

 

Telephone: +44 (0)20 7382 0999

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