Issue of Equity

RNS Number : 1637H

Mobeus Income & Growth VCT PLC

11 March 2015

 

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

11 March 2015

Issue of Equity

The Company announces that on 10 March 2015 it allotted and issued 6,125,464 new Ordinary Shares of 1p each ("Shares").  These new Shares in the Company have been issued subsequent to the Company's offer for subscription with The Income & Growth VCT plc, Mobeus Income & Growth 2 VCT plc and Mobeus Income & Growth 4 VCT plc, launched on 10 December 2014, to raise up to £39 million ("the Offers"), including £15 million for the Company ("the Offer").    

 In accordance with the allotment formula set out in the prospectus for the Offers, the new shares were issued at prices between 95.40 and 102.62 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 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 76,004,674 Ordinary Shares of 1p each.

A total of £39 million has been raised under the Offers, of which £15million was raised for Mobeus Income & Growth VCT plc.

Following the issue of these shares, the Company is pleased to announce that the Offer is fully subscribed, and has now closed.

For further information please contact:

Sarah Penfold at Mobeus Equity Partners LLP, Company Secretary, on 020 7024 7616.

 

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