Income & Growth VCT (The) PLC Issue of Equity (1724W)
November 10 2017 - 5:37AM
UK Regulatory
TIDMIGV
RNS Number : 1724W
Income & Growth VCT (The) PLC
10 November 2017
The Income & Growth VCT plc (the "Company")
10 November 2017
Issue of Equity
The Company announces that on 9 November 2017 it allotted and
issued 5,214,308 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 2 VCT plc and Mobeus Income & Growth 4 VCT
plc, launched on 6 September 2017, to raise up to GBP80 million in
aggregate ("the Offer").
In accordance with the allotment formula set out in the
prospectus for the Offer, the Shares were issued at prices of
between 81.21 and 86.42 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 has been 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 14 November
2017.
Following this allotment, the issued share capital of the
Company is 91,586,236 Ordinary Shares of 1p each.
It is anticipated that the Company will carry out at least one
further allotment of shares on or prior to 21 November 2017.
Applications for subscription totalling GBP54.6 million in
aggregate have been received in respect of the Offer on behalf of
the companies, of which GBP14.4 million of applications has been
received by the Company. Including the shares allotted by the
Company on 28 September and 20 October 2017, the total number of
shares allotted by the Company to date in respect of the Offer is
16,009,240.
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:
Robert King at Mobeus Equity Partners LLP,
Company Secretary, on 020 7024 7600.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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