Issue of Equity

RNS Number : 2335U

Mobeus Income & Growth 2 VCT PLC

20 October 2017

 

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

20 October 2017

Issue of Equity

The Company announces that on 20 October 2017 it allotted and issued 4,770,375 new Ordinary Shares of 1p each ("Shares").  These new Shares in the Company have been issued pursuant to the Offer for subscription with Mobeus Income & Growth VCT plc, Mobeus Income & Growth 4 VCT plc and The Income & Growth VCT plc, launched on 6 September 2017, to raise up to £50 million in aggregate, with over-allotment facilities to raise, in aggregate, up to a further £30 million ("the Offer").  Of this aggregate amount, the Company is seeking to raise £10 million, with an over-allotment facility to raise up to a further £5 million, which the directors decided to utilise on 13 October 2017.

In accordance with the allotment formula set out in the prospectus for the Offer, the new Ordinary Shares were issued at prices of between 103.17 and 109.81 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 or around 24 October 2017.

Following this allotment, the issued share capital of the Company is 42,380,313 Ordinary Shares of 1 penny each.

Applications for subscription totalling £41.7 million have been received in respect of the Offer, of which £9.4 million of applications has been received by the Company.  Including the shares allotted by the Company on 28 September 2017, this brings the total number of shares allotted by the Company in respect of the Offer to 6,987,146.  These totals are updated daily on the VCT section of the Mobeus website at: www.mobeusequity.co.uk/vct-investors/fundraising

For further information please contact:

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

 

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