Mobeus Income & Growth 4 VCT PLC Issue of Equity (2340U)
October 20 2017 - 9:22AM
UK Regulatory
TIDMMIG4
RNS Number : 2340U
Mobeus Income & Growth 4 VCT PLC
20 October 2017
Mobeus Income & Growth 4 VCT plc (the "Company")
20 October 2017
Issue of Equity
The Company announces that on 20 October 2017 it allotted and
issued 5,639,779 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 The Income & Growth VCT plc,
launched on 6 September 2017, to raise up to GBP50 million in
aggregate, with over-allotment facilities to raise, in aggregate,
up to a further GBP30 million ("the Offer"). Of this aggregate
amount, the Company is seeking to raise GBP10 million, with an
over-allotment facility to raise up to a further GBP5 million,
which the directors decided to utilise on 13 October 2017.
In accordance with the allotment formula set out in the
prospectus for the Offer, the new Ordinary Shares were issued at
prices of between 88.18 and 93.83 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 Ordinary Shares to be
admitted to the Official List of the UK Listing Authority and
dealings are expected to commence on or around 24 October 2017.
Following this allotment, the issued share capital of the
Company is 60,057,348 Ordinary Shares of 1 penny each.
Applications for subscription totalling GBP41.7 million have
been received in respect of the Offer, of which GBP9.5 million of
applications has been received by the Company. Including the shares
allotted by the Company on 28 September 2017, this brings the total
number of shares allotted by the Company in respect of the Offer to
8,270,808. 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:
Jonathan McGuire 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
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