Issue of Equity

RNS Number : 0614J

Mobeus Income & Growth 2 VCT PLC

06 June 2014

 



Mobeus Income & Growth 2 VCT plc (the "Company")

6 June 2014

Issue of Equity

The Company announces that on 6 June 2014 it allotted and issued 690,023 new Ordinary Shares of 1 penny each.  These new shares in the Company have been issued subsequent to the linked offer for subscription with The Income & Growth VCT plc, Mobeus Income & Growth VCT plc and Mobeus Income & Growth 4 VCT plc launched on 28 November 2013 to raise up to £24 million ("the Offer").  In accordance with the terms of the prospectus, the Board of the Companies announced on 24 March 2014 that this sum had increased to £34 million, in response to increased investor demand.

In accordance with the allotment formula set out in the prospectus for the Offer, the new Ordinary Shares were issued at prices of between 118.08836 and 123.86049 pence per share, depending on the adviser charge (if applicable) and the number of shares issued (after taking roundings into account) pertaining to each application. 

Application will be made for the new Ordinary Shares to be admitted to the Official List of the UK Listing Authority and dealings are expected to commence on 11 June 2014.

Following this allotment, the issued share capital of the Company is 30,497,110 Ordinary Shares of 1 penny each.

A total of £33.7 million has been raised under the Offer which closed on 30 May 2014, of which £8.4 million has been raised for Mobeus Income & Growth 2 VCT plc.

For further information please contact:

Jonathan McGuire at Mobeus Equity Partners LLP, Company Secretary, on 020 7024 7600.

 

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