MERGER UPDATE AND GENERAL MEETINGS
Mobeus Income & Growth VCT plc
(LEI: 213800HKOSEVWS7YPH79)
(MIG)
Mobeus Income & Growth 2 VCT plc (LEI:
213800LY62XLI1B4VX35)
(MIG 2)
Mobeus Income & Growth 4 VCT plc (LEI:
213800IFNJ65R8AQW943)
(MIG 4)
The
Income & Growth VCT plc
( LEI:
213800FPC15FNM74YD92)
(I&G)
(together the Companies and each a Company)
18
July 2024
On 18 June 2024, the Companies
issued a joint circular (Circular) setting out proposals for,
amongst other things, merging the four
Companies into two (Merger), offers for subscription by MIG
and I&G (as the proposed surviving Companies, such offers being
conditional on the Merger becoming effective) and
notices for general meetings of the Companies to
be convened on 18 July 2024 and 26 July 2024 in connection
therewith (General Meetings
and each a General
Meeting). Set out below are the results of the General
Meetings of the Companies held today (18 July 2024).
MIG
MIG is pleased to announce that all
the resolutions proposed at its General Meeting were duly
passed.
Proxy results were received in
respect of 14,100,948 ordinary shares representing 8.70% of the
issued share capital as at 16 July 2024.
The following table shows the proxy
votes cast for each resolution:
|
Resolution
|
For
|
Against
|
Withheld
|
|
Number
|
Percentage
|
Number
|
Percentage
|
|
1
|
13,378,166
|
94.96%
|
709,330
|
5.04%
|
13,452
|
|
2
|
13,279,469
|
94.65%
|
751,052
|
5.35%
|
70,427
|
|
3
|
13,273,520
|
94.90%
|
713,124
|
5.10%
|
114,304
|
|
4
|
13,383,800
|
95.37%
|
649,972
|
4.63%
|
67,176
|
1.
A withheld vote is not a vote in law and, accordingly, is not
counted in the calculation of the proportion of votes "For" and
"Against" the resolution concerned.
2.
Any proxy appointments which gave discretion to the Chair have been
included in the vote "For" total.
A copy of the resolutions passed at
the MIG General Meeting will shortly be available for inspection on
both MIG's website (www.migvct.co.uk) as well as at the National Storage Mechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism).
MIG
2
MIG 2 is pleased to announce that
the resolution proposed at its General Meeting was duly
passed.
Proxy results were received in
respect of 8,242,594 ordinary shares representing 8.53% of the
issued share capital as at 16 July 2024.
The following table shows the proxy
votes cast for the resolution:
|
For
|
Against
|
Withheld
|
|
Number
|
Percentage
|
Number
|
Percentage
|
|
7,851,767
|
97.21%
|
225,374
|
2.79%
|
165,093
|
1.
A withheld vote is not a vote in law and, accordingly, is not
counted in the calculation of the proportion of votes "For" and
"Against" the resolution.
2.
Any proxy appointments which gave discretion to the Chair have been
included in the vote "For" total.
A copy of the resolutions passed at
the MIG 2 General Meeting will shortly be available for inspection
on both MIG 2's website (www.mig2vct.co.uk) as well as at the National Storage Mechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism).
I&G
I&G is pleased to announce that
all the resolutions proposed at its General
Meeting were
duly passed.
Proxy results were received in
respect of 12,713,830 ordinary shares representing 8.16% of the
issued share capital as at 16 July 2024.
The following table shows the proxy
votes cast for each resolution:
|
Resolution
|
For
|
Against
|
Withheld
|
|
Number
|
Percentage
|
Number
|
Percentage
|
|
1
|
12,128,574
|
96.80%
|
400,571
|
3.20%
|
184,685
|
|
2
|
12,035,077
|
96.47%
|
440,680
|
3.53%
|
238,073
|
|
3
|
11,917,175
|
96.02%
|
493,935
|
3.98%
|
302,720
|
|
4
|
12,040,665
|
97.11%
|
358,027
|
2.89%
|
315,138
|
1.
A withheld vote is not a vote in law and, accordingly, is not
counted in the calculation of the proportion of votes "For" and
"Against" the resolution concerned.
2.
Any proxy appointments which gave discretion to the Chair have been
included in the vote "For" total.
A copy of the resolutions passed at
the I&G General Meeting will shortly be available for
inspection on both I&G's website (www.incomeandgrowthvct.co.uk)
as well as at the National Storage Mechanism (https://data.fca.org.uk/#/nsm/nationalstoragemechanism).
MIG
4
MIG 4 is pleased to announce that
the resolution proposed at its General Meeting was duly
passed.
Proxy results were received in
respect of 10,477,985 ordinary shares representing 9.50% of the
issued share capital as at 16 July 2024.
The following table shows the proxy
votes cast for the resolution:
|
For
|
Against
|
Withheld
|
|
Number
|
Percentage
|
Number
|
Percentage
|
|
9,675,362
|
92.46%
|
789,364
|
7.54%
|
13,259
|
1.
A withheld vote is not a vote in law and, accordingly, is not
counted in the calculation of the proportion of votes "For" and
"Against" the resolution.
2.
Any proxy appointments which gave discretion to the Chair have been
included in the vote "For" total.
A copy of the resolutions passed at
the MIG 4 General Meeting will shortly be available for inspection
on both MIG 4's website (www.mig4vct.co.uk) as well as at the National Storage Mechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism).
FURTHER INFORMATION
For further information, please
contact:
Gresham House Asset Management
Limited
Company Secretary
Telephone: +44 (0)20 7382
0999