Income & Growth VCT (The) PLC OFFER FOR SUBSCRIPTION - UPDATE
17 Oktober 2024 - 5:26PM
RNS Regulatory News
RNS Number : 6584I
Income & Growth VCT (The) PLC
17 October 2024
THE
INCOME & GROWTH VCT PLC
LEI: 213800FPC15FNM74YD92
OFFER
FOR SUBSCRIPTION - UPDATE
On 18 June 2024 Mobeus Income &
Growth VCT plc (MIG) and
The Income & Growth VCT plc (I&G) launched new offers for
subscription (together the Offers and each an Offer) subject to, and conditional on,
the merger of Mobeus Income & Growth 2 VCT plc with MIG and
Mobeus Income & Growth 4 VCT plc with I&G (Merger) being implemented. The
Merger was implemented on 26 July 2024. The I&G
Offer seeks to raise up to £35 million with an over-allotment
facility to raise up to a further £10 million (Over-Allotment Facility) contained in a
prospectus issued on 18 June 2024.
The I&G Board is pleased to
announce that it has now received applications reaching its £45
million limit, including the Over-Allotment Facility. On the basis
that such applications are all valid and accepted, the I&G
Offer is now fully subscribed. The final allotment of shares in
respect of applications accepted by I&G is planned for 28
October 2024, as announced to the London Stock Exchange on
18 September 2024.
For further information please
contact:
Gresham House Asset Management
Limited
Company Secretary
Telephone: +44 (0)20 7382
0999
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