Issue of Equity

RNS Number : 1463H

Mobeus Income & Growth 2 VCT PLC

11 March 2015

 

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

11 March 2015

Issue of Equity

The Company announces that on 10 March 2015 it allotted and issued 584,616 new Ordinary Shares of 1 penny each.  These new shares in the Company have been issued subsequent to the Offer for subscription with The Income & Growth VCT plc, Mobeus Income & Growth VCT plc and Mobeus Income & Growth 4 VCT plc launched on 10 December 2014, and now fully subscribed, to raise up to £39 million in aggregate, including £8 million to be raised by the Company ("the Offer"). 

In accordance with the allotment formula set out in the prospectus for the Offer, the new Ordinary Shares were issued at prices of between 115.52 and 124.22 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 16 March 2015.

Following this allotment, the issued share capital of the Company is 36,468,632 Ordinary Shares of 1 penny each.

A total of £39 million has been raised under the Offer, of which £8 million has been raised for Mobeus Income & Growth 2 VCT plc.

As announced on 23 February 2015, the Offer is now closed, having been fully subscribed.

For further information please contact:

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

 

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