THE OFFER FOR SUBSCRIPTION IS NOW FULLY SUBSCRIBED

RNS Number : 5859J

Income & Growth VCT (The) PLC

13 December 2022

 

 THE INCOME & GROWTH VCT PLC

LEI: 213800FPC15FNM74YD92

THE OFFER FOR SUBSCRIPTION IS NOW FULLY SUBSCRIBED

On 5 October 2022 Mobeus Income & Growth VCT plc ("MIG"), Mobeus Income & Growth 2 VCT plc ("MIG 2"), Mobeus Income & Growth 4 VCT plc ("MIG 4") and The Income & Growth VCT plc ("I&G") announced the launch of new offers for subscription (together the "Offers" and each an "Offer"). The I&G Offer seeks to raise up to £14 million ("Initial Amount", with an over-allotment facility to raise up to a further £8 million ("Over-Allotment Facility") contained in a prospectus ("Prospectus").

The Board of I&G is pleased to announce that it has now received applications reaching its £22 million limit, including the Over-Allotment Facility. On the basis that such applications are all valid and accepted, the I&G Offer is now fully subscribed. The allotment of shares in respect of applications accepted by the Company in respect of the Initial Amount took place on 16 November 2022 and in respect of the Over-Allotment Facility will be in January 2023, as set out in the Prospectus.

For further information please contact:

Gresham House Asset Management Limited

Company Secretary

Telephone: [phone]

 

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