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 Companiesand 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
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.