Mobeus Income & Growth 4 VCT PLC Offer Update (5762I)
June 02 2014 - 4:39AM
UK Regulatory
TIDMMIG4 TIDMIGV TIDMMIX TIDMMIG
RNS Number : 5762I
Mobeus Income & Growth 4 VCT PLC
02 June 2014
Mobeus Income & Growth VCT plc
Mobeus Income & Growth 2 VCT plc
Mobeus Income & Growth 4 VCT plc
The Income & Growth VCT plc
("the Companies" and each a "Company")
2 June 2014
Mobeus VCTs Linked Offer for Subscription
The Boards of Mobeus Income & Growth VCT plc, Mobeus Income
& Growth 2 VCT plc,
Mobeus Income & Growth 4 VCT plc and The Income & Growth
VCT plc announce that the Linked Offer for Subscription for new
ordinary shares of 1p each in the capital of each of the Companies
closed on 30 May 2014 ("the Offer").
The Offer was launched on 28 November 2013 to raise, in
aggregate, up to GBP24 million. In accordance with the terms of the
prospectus, the Boards of the Companies announced on 24 March 2014
that this sum had increased to GBP34 million, in response to
increased investor demand.
The Boards are pleased to announce that the Offer has raised
gross proceeds of GBP33.7 million, with each Company receiving
GBP8.4 million.
A final allotment of shares under the Offer, which will be in
respect of the GBP3.2 million gross proceeds raised in the 2014/15
tax year, will be undertaken by 9 June 2014. At that point, each
Company will announce the final numbers and issue prices of the
shares each has allotted under the Offer and their issued share
capital. Dealings in the shares are expected to commence within three business days thereafter.
For further information please contact:
Robert Brittain
Mobeus Equity Partners LLP, the Company Secretary
Tel: 020 7024 7000.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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